This strata titled unit, designed for seniors, comprises 1 bedroom, 1 bathroom with laundry and open plan reverse cycle air-conditioned kitchen/lounge room. Located in very pleasant communal surroundings, the property is currently giving around 7% return after Body Corporate fees, management costs and rates are deducted... Now that's an impressive investment!
The unit is tenanted on lease at $485 per fortnight. Body Corporate fees are $696 per quarter, Oxford Crest managements costs are $67.65 per fortnight and rates are $282 per quarter. Do the sums and you'll realise how good of an investment they are. There's not much in this market returning these sorts of figures for investors so be sure to arrange an inspection today you certainly wont regret it.
