INVESTMENT PROPERTY, Strata Unit – 7.50% Nett Rental Return
> 7.50% Nett Rental Return, after all operating expenses.
> Free use of unit for your holidays up to 4 weeks a year.
> Your income is deposited directly in your bank account.
> Ideal property investment for DIY Superannuation.
DESCRIPTION:
The property is a freehold Strata title unit in a block of 22 units motel in Forster NSW. It is a studio style unit, with kitchenette, dining area, ensuite bathroom, air-conditioning, and you will receive it fully furnished. It is rented on a daily basis as part of a 21 units motel. One unit is owned and used as residence by the onsite manager who takes care of all motel operations. Every year the strata committee meets and decides on maintenance, improvements, and management matters.
FEATURES:
1 – You receive your Net Rental Return from day one. Your investment is hassle free, as the onsite manager handles all bookings. The manager also takes care of cleaning, maintenance, improvements, and any other matters, and pays all expenses from the gross income of the motel before distributing the profits to the owners. You do not need to worry about anything.
2 – You are entitled up to four weeks per year free use of your unit (you only pay for the room service). Just avoid the peak seasons of Christmas, Easter, and long-weekends. You still receive your income in full while using the unit for your holidays, because your income is the percentage share entitlement of your unit out of the total net profit distributed to the owners.
3 – At the end of each month the manager take all the paperwork (receipts, payments, invoices) to an independent accountant who audits the figures and prepares the Profit and Loss statement. Your share of the net profit for that month is deposited directly into your bank account, and you will receive a copy of the Profit and Loss statement.
4 – This is an ideal property investment for DIY Superannuation as you are buying a secure strata title real estate at an affordable price. You hold the title deed to a residential strata title property that gives you income and future capital growth, without the hassles involved in managing the property yourself.
For details and income figures, contact Ray.
Sydney: 9642 6017 – Mobile: 0416 216 276
Email: raysfeir@optusnet.com.au
