Investment Properties
SA- Duplex with Strata Potential
Two quality maisonettes on the one title in desirable central location both currently leased making ideal investment properties. Number 10 is currently leased to the 3rd of July 2010 at $190 per week and Number 12 is currently leased to the 10th July 2010 at $ 170 per week.
Both offer three bedrooms, 10 offers two with built in wardrobes and 12 offers three with built in wardrobes, split system air-conditioners to both lounge rooms, modern kitchen to 10 with stainless steel appliances, 12 features new stainless steel stove. Both offer roller shutters and carports with roller doors.
This duplex is ideally set up to strata title. Each side should resell for $170,000 approx each.
 Buy & Hold
 Development
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| Purchase Price: | $299,000 |
|---|---|
| Gross Weekly Rental: | $360 pw |
| Council Rates: | $1,800 pa approx |
| Individual resale 2 bedrooms: | $170,000 approx |
| Management Fees : | 8.8% |
| Population: | 25,000 |
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