10/1 Minora Place

Rivervale WA 6103

More Offers Wanted! Ideal for investors, we have priced this property to move quickly, it's the cheapest property in the area!Part of the Burswood Lodge complex, a long established short stay, motel complex between the city, river & airport. It's leased to the complex operators at $800 per calendar month, that's a 8.5% return!The perfect opportunity for smart investors to buy now at heavily discounted prices in today's market and benefit from the great returns on offer.Located just of Great Eastern Hwy, only 100 meters from the Swan River Foreshore, and adjacent to the Springs redevelopment. Walking distance to local shops, cafes, bus stops & the Burswood train station. Well maintained group of 26 units, this apartment is a large 47sqm in size, has a split system air conditioner and its own balcony. Its an end unit, so has only one common wall (living area) for extra privacy.Council $1,275Water $1,262Strata $479 qtr.Even after the outgoings, the return is still over 4.5%, compared to cash in the bank this is an easy investment decision.The easiest of easy care investments, there is nothing for you to do, just sit back and watch the rent coming in. Russell White 0419 903 598 russell@parkproperty.com.au