Grand Student Investment
Leith Street South is finally freeing up one of her gems. This seven bedroom, two bathroom flat offers a high cashflow return for a proven location. The specific area encourages high demand every year from students looking to live close to where they study, whether that be the main University Campus, Medical School or Polytechnic as the flat sits in-between all three.
The grand property has had roof refurbishments and exterior painting undertaken in past years and the electrical wiring is being upgraded where required to cover all the fundamental bases of property investment ownership for you. Healthy Homes Standards are mostly met with just some minimal draught stopping still required.
The flat is rented for $1,015 per week for 2022 on a fixed tenancy until 30 December 2022. Improvements could be made to the internal rent generating aspects of the property to increase the rent further in coming years to meet the demand of the ever growing tenant base for student rentals.
The neighbouring property of 135 Leith Street to the left is also available for purchase separately or together. This property has a 2-bed flat downstairs and 4-bed flat upstairs, offering a good spread of flat sizes if both freehold titles were purchased together.
For full information including Colliers Information Memorandum, Council LIM, electrical report, Healthy Homes report, floor layouts and 3D Virtual Tours, please send an email enquiry. Viewings are by private booking with the agent.