11 Liverpool Street, City Centre
- This location has been autonomously mapped, it may not be exact.
Money in the bank, Or......
This well-presented property, currently vacant and ready to view, which is perched up on the 16th floor of this well maintained complex and is ready for a new owner.
Effectively coming fully furnished too, this one is ready for you to take over and start getting income as soon as you like. With current rents of these apartments around $320-$350 per week, you won't find a much easier way to put your money to good use.
So that's anywhere from $16,640 to $18,200 a year gross.
What would your $229,000 return you in the bank over the same timeframe?
The upside for these apartments is pretty obvious too -
They rent out faster than most other complexes due to their location being central, while also just around the corner from the Uni. So, there are always tenants to be found. Meaning that while other complexes may go 2-4 weeks empty each year, that's not as usual an occurrence here.
Alternatively, Airbnb can also be done in the complex. This might be something worth looking into with borders opening and a lack of Airbnb’s on the market due to the past two years could give you a great option here to really max out the value.
Affordable, cash flow positive, a well-maintained building and fully furnished.
P.S - The last one that sold prior to Covid (When international students were here, so rents were higher) sold for $252,500, so it's capital gain as well as cash flow on show here for a smart buyer.
Facts & Features
Disclaimer: Apartment Specialist are often asked to give information as to the area or dimensions of properties, including rooms, decks and patios. Apartment Specialists sources such information from third party sources (for example Council records, building management records) and passes this on; unfortunately it is not uncommon for such information to be inaccurate. If exact and accurate sizes or dimensions is an important factor in your decision then you as Purchaser must make your own independent enquiry from your own chosen expert (for example a registered valuer).