38/212 Albany Highway, Centennial Park
Offers from $175,000
Listing number: 4492301
Reliable Cash Flow Income
Here is an opportunity to see good return on investment. To become a care-free investor who automatically receives a monthly income without having to do the hard work of managing an asset.
On offer is a strata title, single bedroom studio apartment in the super neat and well run ‘Banksia Gardens’ short stay accommodation facility in Albany which is secured by a fixed 7+5+5yr term lease to resort managers.
Gross return is fixed at $14.5Kpa for the next five and a half years, and costs are virtually fixed. As a self-funded retiree or someone looking for a positive cash flow investment, you will know exactly how much money you will be taking home at the end of each month for the next 5-15 years.
Air-conditioned, open plan living is complemented with microwave, fridge-freezer and benchtop kitchenette facilities at one end. The well-appointed king size bedroom has a BIR and adjoining ensuite spa bathroom. Everything is in great order, with the need ongoing modernisation and maintenance of the four star standard facility built into the lease agreement.
Fully furnished and equipped, this asset will produce income from the outset. Being an end unit without common walls, privacy for guests can be assured and with dedicated carport parking, there is space always for guest’s own vehicles.
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.
Established resort letting processes will take care of the daily grind of managing and maintaining your investment property. Your commitment will be to covering rates, taxes and levy’s totaling in order of $5Kpa and ongoing commitment to maintaining four start property standards for guests.
Interest in these units has been keen, so please do call me soon if this investment opportunity sounds like it could suit you.
- Zoned R30/50 Tourist Residential
- City Rates $1200pa
- Water Rates $1325pa
- Strata Levy and Maintenance Contribution $2050pa
The Forrest Centre
221 St Georges Terrace
Perth WA 6000