8/205-207 Kelly Street

Scone NSW 2337

The Phone enquiry code for this property is: 0187 Rental income $196.77 per week first year (6% return) 10 + 10 year lease Rent increases 3% pa during 10 year lease Sinking fund contribution $320 yearly Council rates currently $480 per quarter Portman House Scone is the lessee. Portman House has been offering high quality serviced apartments to Scone guests for nine years and will continue to do so. This beautiful studio apartment, with private courtyard, is in a small complex of 8 units in downtown Scone. It boasts secure undercover parking. All up size is approximately 65m2; consisting internal 39.5m2, car port 17.9m2 and courtyard 7.7m2. Scone is Horse Capital of Australia and as a result has a vibrant economy. There are over 130 horse studs in the area including Emirates Park, the Packer familys Elliston, and John Messaras Arrowfield, just to name a few. This purchase gives you guaranteed income for ten years with no vacancy. Council rates and sinking fund contributions are your only ongoing costs. Administrative costs for the body corporate, and day to day maintenance and upkeep of the unit and common areas are paid for by Portman House Scone. Disclaimer: SaleByHomeOwner.com.au is an Australia-wide 'For Sale By Owner' service. While every care has been taken to verify the accuracy of the details in this advertisement, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves of any pertinent matters.