Boarding House Investment
First time on the market in 20 years, here is testament to a very successful and easily managed cashflow investment. Tenants are stable and usually long term. Thompson Street is well known as a "blue chip" rental area within walking distance of all city amenities. Current rental return $1850 per week - interest on a mortgage may be able to be claimed along with repairs, maintenance and depreciation. A percentage of GST is incurred on rents received. Here is a rare opportunity to add to your property portfolio or take your first step on the property ladder.
RV $800,000. Rates $3696 per annum. Floor area 230sqm.
To be sold by tender, closing August 12, 2021 at 2pm (if not sold prior).