210 Hobart Road KINGS MEADOWS, 7249

Here is a property that give's you a 10% return!!!!!

With 4 excellent tenants and a good quality fit out, this Kings Meadows property comprises two levels and has parking at the rear. Well located on Hobart Road near Kings Meadows shopping complex.

The shop front tenant is Chris Young Photography a well-respected wedding photographer. Compresses a shop front area, kitchenette and store room. The tenant has a 12 month lease. Rental of $6,500.

The Billboard signage on the northern and southern walls. Leased for 5 years with a 5 year option. Rental of $6,500 p/a

The 3 bay garage down the back has an open lease at the moment, however we are able to secure a lease if required. Rental of $5,200p/a.

The three bedroom residential is in great condition comprising of main bedroom, lounge, kitchen/dining upstairs with a further two bedrooms, bathroom/laundry and storage downstairs plus a single garage & new carpet 18 months ago. The current lease is open however the tenant wants to stay on if possible. Rental for this tenancy is $250 p/w.

NB: The external walls of the property has just been repainted

FOR SALE: $310,000 with a total property income of $31,200 pa = 10.1% return

Water Rates -$858 approx.
Council Rates - $1712 approx.

Sim for Property- Best Small Agency of the Year- REIT Awards for Excellence.

Built: 1948