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APPEALING PROPERTY INVESTMENT WITH NO STRESS

Self-funded retirees and investors looking for a strong yield without the hassles, then read on. This 3-bedroom, 2-bathroom, 2-living property currently leased as two separate serviced apartments with a commercial lease to a national hotel group, inclusive of a 5 + 5 year right of renewal, is well worth adding to the portfolio.

On offer:
• Current lease until November 2022 to a National Hotel Group with a
5 + 5 year right of renewal
• Current rent is $1,703 per month with annual increases to CPI
• Lessee contributes majority of Lessor’s outgoings
• Lessee contributes 50% to the exterior painting of the premises
• 3 bed, 2 bath, 2 living townhouse with the ability to service a dual income as two separate apartments
• No hassle investment: leased and managed by a national hotel group

The lower level of this cleverly designed property comprises a spacious living/dining area with direct access to the outside balcony plus a kitchen with ample cabinetry, dishwasher and microwave provision. A generous bedroom with built-in-robe and a good size bathroom inclusive of laundry completes the lower level. The upper level includes two king size bedrooms serviced by a large two-way bathroom and a convenient living space.

Additional features:
• Stone bench-top to kitchen
• Built-in-robes to all bed-rooms
• Daikin ducted reverse cycle air-conditioning through-out
• Security system
• Quality carpets to bedrooms and stairs
• Low maintenance tiles to open plan living and wet areas
• Car-parking

Located in a premium area of Mawson Lakes within walking distance to the University of SA, the train, the O’Bahn bus route and Woolworths, you couldn’t ask for a more convenient location. For health and well-being, a gym is across the road and the beautiful lake with picturesque walking trail is only a hop, skip and a jump away! For those who like to shop, retail therapy is not far from the door with Mawson Central Shopping Centre down the road plus an abundance of hip cafes, restaurants and take-away food kiosks. To sum it all up, with the Reserve Bank cash rate currently at 0.10%, this property’s current rental yield provides an attractive alternative!

Due to the nature of the tenancy, viewing is by appointment only. To view contact Justine on 0438 752 683.

SA LISTINGS
RLA: 261169


Disclaimer: Purchasers should conduct their own due diligence and any information provided here is a guide and should not be relied on.

Features

Balcony
3 2 2
Address 13, 18-22 Hurtle Parade, Mawson Lakes
Price SOLD for $308,000
Property Type Residential
Property ID 193
Category Townhouse
Land Area 141 m2

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Agent Details

Justine Thomson photo

Justine Thomson

0438 752 683
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