Entry level investment property
This investment only property is leased to the Punthill Apartment Hotel on a long term lease till 2037.
With a secure lease in place meaning 100% occupancy this serviced apartment is an absolute bargain when compared to similar sized properties. With a generous floor plan incorporating substantial kitchen space, living and a separated bedroom this genuine one bedroom style apartment offers period charm in a top locale.
Together with the current commercial lease being in place the property has a rental return of approx $1211 pcm with the landlord paying all owners corporation fees, charges and levies, town rates and water rates. Perfect for investors looking for an entry level investment with possible deductions or as a set and forget long term leased property.
Please contact myself for a copy of the contract and/or more information on this investment property