1/12 The Avenue Hermit Park Qld 4812

What we've got here is an investment property that's tough to let go, it
was bought for a purpose and has now fulfilled its objective. The
beautiful part of this story is that the current owner didn't need to
unlock this unit's special power to get the most out of it. Read on if
you are thinking about entering the investment world or if you're a
seasoned investor who will need to reduce your taxable income this
financial year.



This unit was bought at the peak of the cycle in the naughties but even
then offered an impressive return of 6%. It was bought for a purpose, a
purpose that could have been thwarted by a retreating market - but
didn't, fortunately for its owners, as they benefitted from the
retreating interest rates that accompanied the market. This unit has
consistently been tenanted at $250pw, with records available on request,
and is now rented at mates rates.



Of solid block construction and still boasting a near original kitchen
and bathroom this unit is a consistent performer with few maintenance
concerns. It has scope to immediately increase its return as updated
units in the complex are returning $280pw with room for greater returns
as the market recovers.



There must be a catch I hear you say! 'What's its location like?'



Well I'm glad you asked.