Top Of The Town Cashcow

The freehold apartment is located at the top of Queen Street, close to Universities, shops, and restaurants, everything is at your doorstep. Close to all public transport, bus stops in front of the building, All highway entrances are within a five-minute drive. The apartment has always been sought after by tenants.

The 508 Queen Street apartments have known remedial issues which will cost the new owner funds to fix. There is already a significant sum sitting in the body corp accounts to help pay for the project, for this unit 1C the settlement fund is $54,083.47 plus GST

-STRATUM IN FREEHOLD TITLE, best you can buy for apartments
-Building is under remedial works, All repairs cost will be paid by the new owner
-Body corporate levy: $2,339.48 per annum
-City council rate is $899.14 per annum 2021 CV: $175,000
-Rental Appraisal - $360-$400 per week
-Good rental returns

The owner won't wait till construction repair finishes, and wants it sold ASAP!! Their loss and your gain! Inner city apartments with no remedial issues are selling approximately $10,000 per sqm more or less. Bring your calculator and do your numbers! If you are a cash buyer and looking for a great investment opportunity in the future, don't miss it!