A truly unique opportunity to purchase this superbly renovated and freshly painted outstanding block of five air conditioned units comprising of four impressive two bedroom garden level abodes plus a stunning three bedroom loft style apartment with private patios. All the units are fully self contained and immaculate throughout with quality fittings and fixtures. The development is well managed with long term leases in place for the two bedroom units and the three bedroom loft style apartment is easily rentable and currently occupied by the current owners. With all the hard work done to a high standard together with a super convenient location close to the City Centre this is a great investment not to be missed !! * Unit 1 rented for $320.00 per week. Current lease expires May 2023. * Unit 2 rented for $330.00 per week. Current lease expires March 2023. * Unit 3 rented for $350.00 per week. Current lease expires August 2023. * Unit 4 rented for $330.00 per week. Current lease expires July 2023. * Unit 5, 3 bedroom loft apartment (currently owner occupied) rental appraisal $450.00 to $485.00 per week. Two bedroom garden level units :- * Naturally light with direct communal garden access. * Spacious living and dining areas. * Air conditioned, ceiling fans and self contained. * Fitted picture rails. * Built in robes to both bedrooms. * Good size well appointed kitchen and bathroom. * Security screens. * Covered carport. Three bedroom loft apartment:- * Impressive light and spacious floor plan with high cathedral ceilings. * Two great size outdoor private patio areas. * Excellent fitted kitchen with built in appliances. * Three good size bedrooms (two with built in robes) * Air conditioned, ceiling fans and self contained. * Fitted picture rails. * Separate large laundry room with internal access to your private secure garage. * Further covered carports. * Security screens. Communal areas:- * Manicured gardens and lawned areas. * New good quality timber fencing to the front aspect and high level Colorbond fencing to the sides and rear. * Covered carports. * Neat and tidy bin storage area. Overview:- * One title. * NO Body Corp Levies. * Annual council rates approx $13,192.00 * Buildings Insurance approx $2,000.00 * Annual income combined with all units rented approx $92,560.00 to $94,380.00. * NETT return approx 6.5% to 6.6%