MARDEN -Investment Opportunity. Look at the income!

On offer is a prime investment property for sale, adjacent Royston Park. It is to be sold as a business, generating high rental return for the owner. This property has full occupancy with detailed long term contracts in place. The current occupants are International Students studying at the Universities. The property is very conveniently located close to shopping centers and transport. This type of accommodation is increasingly popular amongst Students as they do not have to worry about splitting bills.

The house itself:

• Solid brick, polished timber floor boards, fresh paint.
  
• 5 Bedrooms (3 with R/C Air Cond, 1 with Gas Heating).
• 2 Bathrooms.
• Fully furnished (beds, desks, white goods, appliances)
  
• 530m2 corner block.

The rental:

• Income: >$37K p.a. (approx)
• Expenses: $8,342 p.a. (approx)    
• All tenants on contracts. Rents may increase after.

We’ve done the hard work for you already by setting up this property as a business. We will transfer all knowledge and contacts we have to you. We will assist you where we can so you can run the business yourself with confidence.

The income generated by this property is more comparable to a Commercial property rather than Residential. It would be difficult to find a Residential property that can achieve this amount of rent. Apart from the income, this property is located in a huge growth area near prestigious suburbs of Royston Park, Joslin and St Peters.