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Astute Investors Take Note - Potential 7.1% ReturnProperty ID 1569635If you're after a set & forget investment property with a secure lease in place and situated in a prime location, then this is sure to impress. Leased to the Mecure Ballarat until December 31st 2018, and includes further 3 x 5 year options, a current gross rental return of approximately $18,226pa that has an annual increase of 4% you can't go wrong.
Recently painted throughout, new carpets & new kitchen bench tops & appliances which includes electric cook top & wall oven. this two bedroom apartment offers exceptional value to the owner and everything else is taken care of for you.
Downstairs is a spacious open plan kitchen, meals & lounge room, with two bedrooms, bathroom & toilet upstairs. Three split systems are found through out the apartment, one in each bedroom & one in the main living area.
All outgoings are paid by the tenant including rates & owners corporation fees which makes this even more appealing. As the new owner you will only have to contribute to the Owners Corporation sinking fund to fund any special levies when required. Located right across the road from Ballarats iconic Sovereign Hill and walking distance to a variety of restaurants & cafes as well as the CBD of Ballarat, you are well situated for future growth.