Presenting an outstanding investment property and potentially attracting a healthy gross rental return of 11.5% . This budget accommodation investment opportunity is a short walk to Grenfells CBD on an allotment of 1144sqm in size. Nine apartments all professionally managed each potentially returning from $80 to $130 per week (these are very low compared to Grenfells average rents) A serious proposition for a self managed super fund portfolio or investors, there is no time to waste as the owners have decided its time to sell is now.

*2 x 2 bedrooms, 6 x 1 bedroom and 1 x 1 room bed-sitter
*Budget accommodation of nine self contained apartments
*Gross rental income of approx $50,440per annum or $970 per week
*Potential gross income 11.5% (much better than bank interest)
*Potential capital growth & increase returns, located close to all amenities
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