2 Matrix Street, Lightning Ridge NSW 2834

:: 5 Studio Apartments
:: Tenanted
:: Close to CBD and School
:: Quiet Street
:: Growing and Vibrant Town
:: Well Maintained
This block of 5 One Bedroom, Self-Contained Studio Apartments, is fully tenanted at $140 per week each!
Each unit has its own Kitchen, Bathroom/Laundry, Living Space and carport.
Rates are around $6,000 pa, Tenants pay Electricity but water usage is paid by the owner (Minimal).
Do the sums: (Yearly Income - Rates) / $260,000X 100 = ~ 11.6% ROI

If you didn't get all the Maths, your Return On Investment is at least 11%. In the current climate, that has to be very attractive.
As the map shows, the units are in easy walking distance from the CBD. This makes them perfect for the retiree, couple or single.

Please call Glen to discuss and arrange an inspection on 0439 684 600