Large Residential Complex; Excellent Rental Location close to Transport and Shopping.

• 210 Modern Apartments in secure hi-rise complex.
• Strong "Rental" growth location.
• Walking Distance to major rail and bus link.
• Close to major Westfield Shopping Centre.
• Managers rent and live on-site (as required) for only $450pw.
• Modern (2 room) office/reception- on separate Title.
• Secure parking-Indoor heated Pool and Spa, sauna, gymnasium & BBQ Area.
• NO Requirement to buy or own an expensive Managers Apartment.
• Opportunity to win back "managements" and grow the rental pool.

Currently run by one person, with 27 hours a week cleaning assistance. O/C pay separately for gardener to maintain the grounds and for nightly security patrols. Opportunity for experienced or motivated team to win back managements and increase the "bottom-line". Original 20 year contract term with 10 years still to run. Complex has been recently totally repainted and new carpet will be laid in all common areas giving this building a total face-lift ready for the "new" managers. Great time to buy in and stamp your own efficiencies on this property.New management should also develop the "sales" role within the building that current owners have only just started - so this property will suit a fully licenced operator (ask us how.........it's not that more comlpicated from the normal restricted letting licence- and increases control and profits.)Recent price drop reflects a very attactive multiplier and makes this NOW one of our best buys!