Open for Inspection Times
28/291 York St, Sale, VIC 3850
Abundant fortune awaits those who differ from the herd!
To be negotiated at a price point above $95,000, - this, just refurbished, 2BR Apartment 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, minutes walk from several supermarkets, shops, food outlets and schools, this would be attractive to an opportunistic investor motivated by returns. A total six years of documented rental history of $205pw from 2014 to 2018 and $235pw from 2018 to 2020, following a freshen up and currently vacant, its also advertised for rent at $260pw (as at 31/12/20). It reflects an easily expected return of about $13,500pa or 13.5% on a hypothetical purchase price of $100K. Approximated outgoings are - Rates $1,000pa, Body Corp fees $300/quarter, and water supply $1,000pa. This property has - 1) been freshly painted inside. 2) New floor tiles replacing previous carpeted area, in both bedrooms and lounge room complimenting existing tiles in the remaining floor area - in the interest of easy clean up and avoidance of tenant damage. 3) New Curtains and fittings throughout. 4) New toilet pan, cistern, seat and plumbing. 5.) New double power points throughout, new light switches. 6) Built-in Robes in both bedrooms - floor to ceiling double width. 6) Bathroom has floor tiles and shower cubicle, newly installed in 2017. 7) One car space on separate title included. Marketed by the owners, who are selling a portfolio of similar flats and property in Sale as they are downsizing and relocating, the transaction would be handled by a conveyancer. Section 32 will be produced after agreement in principle on the price subject to legal evaluation, as that document is time sensitive and costly relative to the low value of this property. Contact Johann for inspection and negotiation.