7/291 York Street

Sale VIC 3850

To be negotiated at a price point above $130,000, - Separate title for 1 car park INCLUDED! This, refurbished, 2BR Apartment on the ground floor is in superior condition to most others in the block of 42. Sought after conveniences abound - public transport nearly at the exit, situated on the fringe of Sale CBD, This has to be the most cost effective apartment in a country city. Currently rented out at $300pw, an incentive discount for early payment of rent installments is allowed to the renter. It reflects a potential NET return of $12,590 after allowing for mandatory outgoings listed below, (or 9.5% NET YIELD on a hypothetical purchase price of $132K). In addition there has been above average capital growth in the last year. Approximated outgoings are - Rates $860pa, Body Corp fees $1,200pa (includes building insurance), and water supply $985pa. This property has - 1) A back entrance with body corporate maintained gardens. 2) New tiled floor - in the interest of easy clean up and avoidance of tenant damage. 3) Recent window furnishings throughout. 4) Recent interior re-paint 5) Built-in Robes in both bedrooms - floor to ceiling double width. 6) One car space on separate title is included. The transaction would be handled by a conveyancer. Section 32 vendor statement is available. Vacant possession or with renter both options available. No agents, sold by owners direct. Contact Johann - 7 days/8am-8pm - for inspection, information & negotiation.