note ** Address also known as 61 Saltwater Drive, Williamstown

This double storey townhouse of spacious proportions is a future gold mine for the intelligent and patient investor. A long term, secure lease to Quest provides a consistent, no hassles rental return. A comparable townhouse without the long term lease would be valued in the $500,00 to $600,000 area, so an investor with a long term view cannot go wrong here!

Leased to Quest until 2011 plus 3 x 5 year options (Quest has the option, not the owner). monthly rental is $1449.85 as of January 2010. There is a fixed 4% rental increase each January, and market reviews every 5 years. The tenant pays body corporate fees and water. Owner pays council rates and any capital improvements or sinking fund.

Downstairs this townhouses features a large open plan living and dining area. Full Kitchen with stainless steel appliances. Large laundry and powder room. Upstairs there is a master bedroom with robes and ensuite, and a balcony which takes in some of the most stunning views of the Bay and jawbone nature reserve that you'll ever see. There is another bedroom with robes and a large central bathroom. centralised heating/cooling. One carspace on title.

To inspect or for further information contact Bryce Carroll 0413377982