Chris: 0438 340 706 Steve Fuller: 0420310500

Leasehold

Where can you buy a Leasehold Investment of this standard, with LOW rent and showing a Yield of 46%?!?! (ID:LI:CRLMJIM)

$495,000 +SAV
Area: Coonamble Code: ID:LI:CRLMJIM

 

A PROFIT OF $4,400 A WEEK

Features

  • Rent: $89,800 + GST (2016)
  • Net Profit - in excess of $230,000
  • 23 years remaining on Lease as of December 2016
  • 14 units (3 x 4 star + 11 x 3.5 star) + cottage
  • All bathrooms recently refurbished + new wall tiling
  • Low Rent – 33 % of total profit which places tenant in a strong profitable position
  • 2 Bedroom residence, recently carpeted, painted and bathroom fully refurbished
  • Great location, close to clubs
  • Wifi/Austel/BBQ
  • Swimming pool
  • Could run under management and still show over 30% return on Investment
  • For further details contact Jim McDonald: 0433 143 308
  • Email: jimmcdonald888@bigpond.com

Turnover

  • 2016/2017: $494,697 (including cottage)
  • 2015/2016: $401,361 (excluding cottage)
  • 2015/2016: $431,324 with revenue from adjacent (including cottage, optional)

Profit

  • 2016/2017: Projected: over $230,000 (including cottage)
  • 2015/2016: $207,194 (Including cottage)