204/19 Market Street, Wollongong, NSW
Sold | $289,000Strong Gross Investment Return of Approx 6.15%
Set & forget investment with an excellent track record over the past 10 years is this affordable & high return apartment, leased to well regarded motel group. Comprises:
- Ideal for personal investment or Super Funds (seek accountancy advise).
- Studio motel room with Kitchenette & internal laundry facilities..
- 2nd floor position with sun drenched North facing balcony.
- Leased to the Adina Motel group for approximately 10 years, with excellent trade track record to date.
- Gross return of $17,778 in the last financial year.
- Pool, gym, sauna & spa featured in the development.
- Beaches, Harbour, City Mall and WIN Stadium all within approx 3-5 minute walk.
- Popular eateries/cafes/bars within the development & just around the corner.
- Showing much higher returns than standard residential property.
- Information Package available on request.
204/19 Market Street, Wollongong, NSW
Sold | $289,000