Situated within a stone's throw from The Australian Maritime College is this well-established, 5-6 bedroom, two-bathroom townhouse. Fully-tenanted for years, this is a no-brainer for the investor who is searching for a brilliant-return, purpose-built student accommodation property.
Even in a most testing year with international student numbers substantially down, this property still has managed to be fully let and returning $630 per week. This is testament to the awesome position and fabulous rental history.
In a small complex offering plenty of parking this townhouse with an excellent rental history is offered as a walk-in, walk-out opportunity. Currently returning high percentage returns this is your chance to enjoy a great return from a low-maintenance, well-positioned property. Three bedrooms and one bathroom along with kitchen/living and a sunny courtyard downstairs and 2-3 bedrooms, one bathroom upstairs this purpose-built investment property continue to be primarily occupied by Maritime College students since it's completion in 2001. Large heat pump with a heat transfer system keeps the property at a desirable temperature all year round and with a demonstrated high-yield history, this is one not to miss.
Once international travel recommences, the Australian Maritime College will be the pick of the training-grounds world-wide and this property will continue to be in the highest demand as it is as close as you can get to the college.
The property comes with most of the chattels included including beds, desks, chairs, white goods, tables...virtually everything.
The previous 4 years of lease details are available for prospective buyers and ongoing maintenance is minimal.
Your chance is now!

Disclaimer:
One Agency Launceston has obtained the information on this property from what we believe are reliable sources and have no reason to doubt its accuracy however we cannot guarantee its exactness. Prospective purchasers are advised to execute their own enquiries.