Strong Gross Return of between 6.45% to 7%

Set & forget investment with an excellent track record over the past 9 years is this affordable & high return apartment, leased to well regarded motel group. Comprises:
- Ideal for personal investment or Super Funds (seek accountancy advise).
- Studio motel room with Kitchenette & internal laundry facilities..
- 3rd floor position with south facing balcony.
- Leased to the Adina Motel group for approximately 9 years, with excellent trade to date.
- Gross return of $19,310 in the last financial year. Net return being $17,232.90
- Pool, gym, sauna & spa featured in the development.
- Beaches, Harbour, City Mall WIN Stadium all within approx. 3-5 minute walk.
- Popular eateries/cafes/bars within the development & just around the corner.
- Showing much higher returns than standard residential property.
- Information Memorandum available on request.

* Council Rates $281.48 per qtr
* Strata Fees $510.15 per qtr