302/674 Old Princes Highway, Sutherland


Property Details

$550,000 - $600,000

ID: 380529
Council Rates: $259.70
Water Rates: $177.91
Strata Rates: $787.70
Building Area: 125


Invest For Your Future

Inspection Times:
Sat 29/10/2016 11:45 AM to 12:15 PM
This generously proportioned apartment is conveniently located to amenities, with just a short 600m stroll to Sutherland Station via Peace Park, this property is ideally positioned for those commuting to the city for work. The property is currently tenanted at $420 per week to a stable tenant on an expired lease with the tenant having indicated his desire to stay on.

Features of the property include:

* Spacious open plan living and dining area
* Two generously sized bedrooms with built-in wardrobes
* Large kitchen with ample cupboard and bench space
* Fully tiled bathroom with separate bath and shower + additional toilet in laundry
* Wrap around covered balcony with a westerly aspect
* Security intercom, single lock-up garage, lift access and internal laundry
* Original condition throughout

As it stands this is a solid investment returning approx gross 3.8% at a $575,000 purchase price. However, if you were to renovate the interiors an apartment of this size could fetch between $450-$500 per week* and you could further obtain tax benefit via the depreciation of the renovations.

Total Lot Size: 125m2 (including 16m2 garage)

Approximate Quarterly Outgoings:
Strata: $787.70
Water: $177.91
Council:$ $259.70

* This is an estimate only and is based off other property we currently lease in the complex.
** The photography used in the advertising of the property is prior to the tenant moving in and was used to protect the tenants privacy. It may not accurately portray to current condition.