LOW BODY CORPORATE – RENOVATED TWO BEDROOM UNIT
If you have been looking for an affordable investment property this could be the one you have been waiting for. This two bedroom apartment represents great value and must go on your list to inspect.
Located in a great complex called City Park is this spacious unit. The kitchen is big with lots of bench space as well as plenty of cupboards. The living area is open plan with large sliding glass doors which lead out onto a balcony protected by large trees.
The two bedrooms each have a huge built in robes, ceiling fans and box air conditioners, the original carpets were also removed and lovely tiles put down. The bathroom is combined with the laundry – but size has not been compromised. The unit is tiled throughout and comes fully furnished with near new white goods.
The Body Corporate has 39 apartments in total in the building with a mixture of two bedroom and bedsit units. The management is very hands on and the Body Corporate gardens and grounds are well maintained. This in turn has attracted great long term tenants and some owner occupiers in the complex.
The rental appraisal is between $270-$285 per week.
The Body Corporate levies are:-
Administration Fund - $1,900.96 per annum
Sinking Fund - $500 per annum
Total Body Corporate Levies - $2,400.96 per annum
The Body Corporate has a healthy sinking fund ready for future works. As at 31st January 2018 the Body Corporate had:-
Administration Fund Balance $20,971.57
Sinking Fund Balance $127,299.13
Total Available Funds $148,270.70
The Body Corporate has plans to have the building repainted in the next 12 months and the funds are ready to complete these works, plus any other maintenance required.
The Council Rates and Excess Water is approximately $2,500 per annum.
This apartment is perfect for a set and forget investment. For further information or to arrange an inspection please contact either Linda or Katie.
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