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Better than the bank interest
This is an investment opportunity not to be missed. As a self-funded retiree or someone looking for a positive cash flow investment, you can know exactly how much money you will be taking home at the end of each month for the next few years to come.
Currently operating in the final term of a lease expiring in August 2028, the asset returned more than $14K to owners in the last financial year. Future management options include keeping the lease as it is, renegotiating the current lease or negotiating purchase with vacant possession.
Facing east and located high in the complex, this tastefully upgraded 2x1 unit in the well run and nicely maintained ‘Banksia Gardens’ serviced apartments complex catches the morning sun in droves.
Sliding door entry is into airconditioned, welcoming and fresh open plan living/dining, with kitchenette facilities at the far end. Opposite is an open doorway to the bedrooms and combined bathroom/laundry.
Bedrooms are well appointed with carpet, BIRs, desk top surface and windows dressed with drapes and blinds. The bathroom is spacious, with shower, WC and vanity with washing machine underneath. Everything is in great order and unlikely to require upgrade any time soon.
A veranda running along the front of the unit links dedicated carport parking to entry into the apartment.
Fully furnished and equipped by the Lessee, this asset will produce income from the outset. Established resort letting processes take care of the daily grind of managing the unit, yet still provide owners with opportunity to negotiate holiday stays in Albany.
An on-site restaurant provides easy dine-in options for guests. Local shops, boutique pubs and eateries in the CBD are a short 2km walk or drive away. All tourist attractions and activities are within easy reach of the resort.
Viewing is by appointment only, and I welcome hearing from you soon.
- Zoned R30/50 Tourist Residential
- City Rates $1211pa
- Water Rates $1325pa
- Strata Levy and Maintenance Contribution $1560pa
Property features
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Carports
1
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Floor area
71m2
Property snapshot by reiwa.com
This property at 2/212 Albany Highway, Centennial Park is a two bedroom, one bathroom unit sold by Anne Brandenburg at @realty on 15 Dec 2021.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Centennial Park or see other recently sold properties in Centennial Park.
Nearby schools
Centennial Park overview
Are you interested in buying, renting or investing in Centennial Park? Here at REIWA, we recognise that choosing the right suburb is not an easy choice.
To provide an understanding of the kind of lifestyle Centennial Park offers, we've collated all the relevant market information, key facts, demographics and statistics to help you make a confident and informed decision.
Our interactive map allows you to delve deeper into this suburb and locate points of interest like transport, schools and amenities.
Centennial Park quick stats
High end
$480k
Median
$460k
Low end
$440k
This listing
1.4 %
Annual growth
$460k
Annual median sales price
$480pw
Annual median rental price
