Property Description

LEASEHOLD - NEW 30 YEAR LEASE - YIELDING 47% - LOW RENT

This property will be a great starter for the owner/operator. It presently is performing well under management.
This performance can be enhanced with better utilisation of search engines and a web site (currently does not have one).

* 30 year lease showing adjusted profit of $125.585 T/O 2019 $ 313 915
* Rent of $77,000 is only 38% of Total Adjusted Net Profit
* 25 units of 3.5 star rating.
* Large renovated residence - 2 bedrooms, lounge , family and ample storage.
* 14.5 Kw solar system
* large well equipped kitchen
* Tariffs range from $95 to $160