Private Inspection Only.
This is a spacious 2 bedroom apartment with balcony, kitchen (including breakfast bar) dining and living space. Both bedrooms have BIR’s and the bathroom is large enough to incorporate a washer and dryer. A north facing access creates a light filled ambience all day and protects you from the colder southerly temperature change. The unit has a RV cycle for heating and cooling and electric stove for cooking.
As an investment this apartment was achieving a rental income of $550 per week prior to Covid, until the students return the current rental expectation is $320 per week.
Note these apartments are largely owner occupied as City pads by property owners or for permanent use, so if you are looking for an affordable city base at the Spring Street end of town then this is a great option. The building profile on Domain summaries that there are 274 apartments in the building of which 75% are owner occupied and 25% rented.
Body corporate is estimated at $4400 per annum, this includes a Concierge service during office hours, a common room and a common laundry.
Please call Tim Harris on 0407 035 288 for more information.