Newly completed apartment development is up for sales.
This brand new architecturally designed development has 8 units of apartments, comprises 5 units of 2 bedrooms x 2 bathrooms x 1 car park and 3 units of 1 bedroom x 1 bathroom x 1 car park.
Ideally located, only minutes away to the Belmont Shopping Centre, Crown Entertainment Complex, both the Domestic (T3 & T4) and the International (T1 &T2) airports and it is franked by both the Tonkin and Great Eastern Highway. The property is also very close to the local shopping centre, only few minutes' walk to the IGA supermarket, café, restaurant and other amenities.
All units are modern, easy care and designed for the urban lifestyle, fitted with quality appliances and excellent finishes throughout.
Currently all 5 units of 2x2 and 1 unit of 1x1 apartments are fully leased till beginning of 2018; whereas the other 2 units of 1x1 apartments are leased out as Airbnb short term holiday accommodation.
Total gross rental income for all units is approximately $145,000 per annum, generating a very healthy cash return for the owner.
This development is most suitable for buyers/ investors, who wish to possess 8 new and completed apartment units for investment immediately, or to control a small investment portfolio with a healthy return or for a self-managed short term holiday accommodation.
For further information or obligation free appraisal, please contact the listing agent Seng Poon Poh.
|Land Size||792 sqm|
|Property Type||House, Block of units|