BLUE CHIP INVESTMENT! 3 SELF CONTAINED FLATS
Elevated position in Oxley, just a few metres from the new Oxley Shopping Centre, restaurants, schools, parklands and trains is this cavity brick dwelling converted into three registered flats - the perfect opportunity to jump into the investment market!
Flat 1 comprises three spacious bedrooms, modern bathroom, modern kitchen, large air-conditioned lounge/dining opening out to patio leased til 26 November 2012.
Flat 2 comprises a one bedroom, one bathroom flat with modern kitchen leased til 14 March 2013.
Flat 3 comprises a one bedroom, one bathroom flat with modern kitchen leased til 18 February 2013.
Generated Income:
Flat 1 - $310 per week $16,120 per annum
Flat 2 - $230 per week $11,960 per annum
Flat 3 - $230 per week $11,960 per annum
Total income per annum = $40,040
The property is self managed. Current outgoings are;
Rates: $2,852.40 per annum
Water: $2,072.20 per annum
Building Insurance: $510.44 per annum
Lawn Maintenance: $30/fortnight summer months - $30/month winter months. Approx $600 per annum
Total outgoings per annum = $6,035
The property has never had a vacancy since the owner purchased it in January 2005. This high growth area offers a fantastic choice for investors. Perfect for the Super Fund or alternatively, it presents an opportunity for first time buyers to secure a home by living in the top three bedroom flat and still provide an income from the two one bedroom flats downstairs, to help with the mortgage.
A secure investment opportunity for your portfolio!
