Discover this fantastic apartment that ticks all the boxes for both savvy investors and first-home buyers. Nestled in an unbeatable location, this property offers the ultimate convenience, with shops, bars, cafes, the beach, and public transport all within easy walking distance. Whether you're hopping on the tram a few steps away or catching a train just up the road, everything you need is right at your doorstep.

For investors, this is an incredible opportunity to add a high-performing asset to your portfolio. Operating as a short-term rental, producing over 9% return - this property boasts an impressive track record, generating an average of $33,000 annually through one platform alone. With 269 booked days in the last 12 months, currently at 83.5% occupancy rate, and an average nightly rate of $126, this is a proven income generator. Alternatively, as a standard rental, you can expect returns of $350 to $450 per week giving you an average of 6.9% return standard or 7.9% furnished -the choice is yours!

9%+ with Short Term Rental (STR) - Reports will be available at open for viewing
7.9% with a furnished standard rental at $500 per week
6.9% with an unfurnished standard rental at $400 per week

Detailed reports on the STR are available upon request for your review. Owner is happy to sell with all furniture and advanced bookings (currently up to March 2025) for you to take over the account. Plus, the owner is happy to assist/train you for up to 30 days from settlement to ensure you are ready to succeed if proceeding as an STR.

For owner-occupiers, this apartment offers a peaceful and private retreat set at the back of the building, away from the hustle and bustle. Fully electric and featuring secure undercover parking with your own separate title, you'll enjoy the added value and convenience of security undercover parking. Walking distance to all amenities, schools, medical, and transport, you cannot go wrong with this price, location, and convenience.

Property Features Include:
- Security Parking on its own title
- Security entrance
- Keyless entry front door
- New split system (heating and cooling) whisper quiet
- All light switches are Alexa and Google-compatible
- All power points have USB charging ports - power your devices from anywhere in the unit
- Strong NBN connection to the apartment
- Electric stove and hot water system
- Bath with shower and modern tap connections
- Large wall storage cupboard and separate built-in robe in the room

Body Corporate Fees $2008.00 PA ($502 per quarter)
Rates $800 approx
Water Rates $150 per quarter approx

This property is priced to sell within the stated range, so be prepared to act quickly. Motivated sellers are ready to consider all offers within the range but will not entertain lower amounts.

Inspections are strictly by appointment due to the property's popularity as a short-term rental, so contact us today to schedule a viewing (subject to availability between guest bookings).

Don't miss this rare opportunity. Whether you're starting out or looking for an exceptional investment, this apartment is a must-see!

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.