411/19 Market Street, Wollongong, NSWFor Sale | $349,000
Strong Gross Investment Return of Approx 6.5%
Set & forget investment with an excellent track record over the past 11 years is this affordable & high return apartment, leased to well regarded motel group.
- Ideal for personal investment or Super Funds (seek accountancy advise).
- One bedroom motel room with kitchen & internal laundry facilities..
- 4th floor position with spacious east facing balcony taking in ocean and city views.
- Leased to the Adina Motel group for approximately 11 years, with excellent trade track record.
- Gross return of $22,726 in the last financial year.
- Current lease expires June 2023 PLUS an additional 5 year option to 2028.
- 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.
Strata Rates - $825.00 p/qtr
Council Rates - $211.27 p/qtr
Water Rates - $172.04 p/qtr