Here is a low maintenance complex, in an area where the market is getting ready to kick on, returning over 7.5% (gross) yearly on your investment. Outgoings are available on request for this fantastic opportunity!
This body corporate free complex of four has been wonderfully maintained by the current owner for nearly twenty years. Two of the four tenants are long-term occupants whilst the third / fourth have recently been filled at $210 p/w. All of the units are on secure lease agreements with options to continue and all returning the same figure allowing for a gross income of $840 per week.
Each unit features; two bedrooms, lounge / dining / kitchen, bathroom with separate toilet, carport, small rear yard, laundry / clothesline and each has had minor renovations over the years - no shared facilities at all except the driveway and surrounds which are fully fenced.
With little to no foreseeable maintenance in the near future, this brick and tile complex allows the savvy investor to buy, set and forget whilst your investment portfolio income rolls in. The potential of capital growth is also very real, Bundaberg South is currently still recovering from the 2013 flood disaster by way of 'sell value'. This complex was flood free but the owners have still priced it accordingly with a negotiable price tag to be sold in this market.
It's your chance to cash in and enjoy a passive income many investors can only wish for!
***More photos available upon request. An inspection is a must.