Rita Zou

Located on the 2nd floor of a well-situated building, this freehold apartment presents a fantastic chance for savvy investors. The vendor has made it clear - this property is to be SOLD! Designed with students in mind, this apartment boasts 5 comfortable single bedrooms, a spacious lounge area, and an open-plan kitchen. With two convenient parking spaces on site, this apartment provides the perfect living space for students seeking both comfort and convenience. Managed by a professional Property Manager, this apartment is meticulously maintained to ensure cleanliness, hygiene, and the utmost safety. Students will feel right at home in this well-cared-for space. Situated in close proximity to Unitec, highways, and public transport, this apartment offers easy accessibility to all amenities. Its prime location contributes to its high occupancy rate, making it an ideal investment opportunity. Generating a weekly rent of $219 per bedroom, this apartment promises a steady stream of income for the discerning investor. In terms of expenses, please note the following: 2023/2024 City Council Rates: $1612.77 Campus Management Fee: 11% of the rental Body Corporate Resident Manager Fee: 4% of the rental Body Corporate OPEX: $5097.36 per annum FFE Reserve: $1035.72 per annum Currently tenanted, viewings for this property are available by appointment only. Don't miss out on this incredible opportunity! Contact Rita today to receive an information pack or for any additional details. Act swiftly, as this investment gem won't be available for long. Bedrooms: 5 singles.