Set Date of Sale (unless sold prior) at 28.03.2019 at 4:00 PM
Here's a residential property with a commercial twist. Legally converted to a child-care centre a few years ago, it offers a net return of $67,000 pa. That's NET. Because the tenant pays the outgoings, including the rates and insurance, and that leaves more money for you and makes this better than your standard house rental.
There's a way to go on the lease and that means you can sit back for now and count the cash. Later, you might look at re-conversion to a family home or redevelopment of the 750m2 site, zoned Mixed Housing Urban. Or you might renegotiate the existing lease and stick with a good thing.
The current owners already have their next move underway and invite you to tell them what purchase price works for you. No. 88 is good fortune in Chinese culture and this is a proposition that makes a lot of sense.
Property ID PON26450
Garden, Terrace / Balcony
Close To Schools, Close To Shops, Close To Transport
* While every effort has been made to ensure the information displayed is accurate, please check details directly with the school before making decisions based on this information.