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Private Apartment For Sale By Owner In Parramatta, New South Wales
Guarantee your rental income with secure lease in place until 2016. plus further lease options.Stella Hospitality group is your tenant, they pay all the outgoing fees such as council, water & strata, and also they pay repairing, replace old or damaged contents & insurance. Your rental income is $1235.03 per month, 365 days each year, regular rent increase, rent directly into your account without delay.Located only 300 meters from Parramatta station and Westfield Shopping Centre. The complex has a gym, swimming pool sauna and Turkish baths and spa. Rental increase every two years by minium of 2% per year or CPI which ever higher, tenant pay council, water and strata, hotel pay maintenance and repair cost. Book your inspection now.Outstanding investmentCurrent Return $1235.03 per month NetOver 6% Net ReturnGuaranteed cash flowAll Outgoings paid by tenantCPI rent increasesPermanent tenantNo Hassles. Just sit back and receive an income like clockwork.* 4 star hotel* Leased to 2016 with 5 x 5 year options* Rent paid monthly to your account* No rent arrears* Strata levies paid by the tenant (the Hotel)* Council & water rates paid by the tenant (the Hotel)PLUSSubstantial taxation benefits.This is an opportunity to secure a low cost, high return in the Parramatta CBD.
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