13/115 kororoit creek Road WILLIAMSTOWN VIC
- 2
- 2
- 1
Large Waterfront Townhouse - Bargain $295,000!!!
POSITIVE CASH FLOW!!!
Leased to Quest Serviced Apartments at $1394 per month, this large, light and bright, double storey townhouse is positioned right on the water with stunning views of the bay and the lakes of the jawbone nature reserve.
Featuring: Upstairs Master bedroom with balcony and water views, built in robes and an ensuite bathroom, central bathroom and 2nd bedroom with built in robes. Downstairs is an open plan living and dining area, full kitchen with s/steel appliances, and large laundry/powder room. Centralised Heating/Cooling throughout and carpark on title.
The tenant pays the body corpate fees and water rates. The owner pays the council rates. Leased until January 2011, and the tenant has a further 3 x 5 year options to extend the lease until 2026. The rent automatically increases by 4% each January so your income stream will grow substantially over time (monthly rental will increase to $1449 in January 2010 and so on and so on)
This is an outstanding opportunity to lock in a substantial future capital gain - as properties like these sell for around $500,000 when there is no long term lease involved. And in the meanwhile you have a guaranteed long term tenant and a no hassles, positive cash flow property.
inspect by appointment
Leased to Quest Serviced Apartments at $1394 per month, this large, light and bright, double storey townhouse is positioned right on the water with stunning views of the bay and the lakes of the jawbone nature reserve.
Featuring: Upstairs Master bedroom with balcony and water views, built in robes and an ensuite bathroom, central bathroom and 2nd bedroom with built in robes. Downstairs is an open plan living and dining area, full kitchen with s/steel appliances, and large laundry/powder room. Centralised Heating/Cooling throughout and carpark on title.
The tenant pays the body corpate fees and water rates. The owner pays the council rates. Leased until January 2011, and the tenant has a further 3 x 5 year options to extend the lease until 2026. The rent automatically increases by 4% each January so your income stream will grow substantially over time (monthly rental will increase to $1449 in January 2010 and so on and so on)
This is an outstanding opportunity to lock in a substantial future capital gain - as properties like these sell for around $500,000 when there is no long term lease involved. And in the meanwhile you have a guaranteed long term tenant and a no hassles, positive cash flow property.
inspect by appointment