Chris: 0438 340 706 Steve Fuller: 0420310500

Leasehold

3.5 Star property with return of 49%..... IT DOES NOT GET ANY BETTER.... TAKE A LOOK!

$405,000 +SAV
Area: Condobolin NSW Code: LH:CMIJIM

 

A fantastic opportunity to acquire, grow and pay off the purchase price in just 4 years.

Features

  • 21 units:
  • 14 constructed 1975, remaining 7 units constructed in 2001
  • Large owners residence - 3 bedrooms, office, large lounge and private kitchen
  • Rent of $130,000 is only 39.6% of total projected profit (this is below industry standard)
  • Excellently presented property with great location
  • Extensive refurbishment – especially with bathrooms
  • New Lease: 30 years
  • For further details contact Jim McDonald: 0433 143 308 Email:jimmcdonald888@bigpond.com

Turnover

  • 2016 (calendar year): $606,000
  • (RENT: $130,000 + GST)

Profit

  • 2016 (calendar year): $198,823