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sold
Sold
  • 1 bed
  • 1 bath

15/60 Rintoul Street Newtown

$360,000
Auction Sold
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This property has been sold. Would you like more information on the sale, or do you have a property you'd like to discuss selling?

Capital Cashflow - 8.95% nett

This property is targeted towards the astute investor seeking cash flow in the Capital. A freshly renovated one bedroom apartment that previously has been leased, fully furnished, for $520 per week. The property is accompanied by two 40sqm storage units that can be sold with a two year lease of $200 per week in place.

Added together, you get $720 per week which represents a nett return of 8.95% on the sale price.

The location and the benefit of an off street car park ensures you will never have any difficulty in finding a tenant.

Viewing by appointment only.

Body Corp levy: $360 per month Rates: $895.76 *Storage units can be leased for 2 years at $200 per week. *Apartment with car park rented for $520 per week.

Total rental income of $720 per week.

Location

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