This solid older style 4x2 family home is offered for sale with a solid 5 year lease (expires 1/7/2016) with a further 5 year option.
The rent is $2625p.c.m i.e $31,500pa which shows a 9% gross return of asking price- I doubt there's any better going around!
The tenant too pays the rates- further strengthening your return.
Yes it's a bit dated but it really is a property you could and should consider for your investment portfolio.
Copy of lease available to serious investors!
Call me for further info!
Rates: $1899.00pa
Water Rates: $205.00pa
Zoning: R20
Block Size: 928sqm