INVESTOR SPECIAL - $125,000 Studio - 7.5% return in BURRA, New South Wales for sale

Do you have equity in your current home and want to start property investing with a safe affordable asset? Would you like to add a positively geared investment to your existing property or SMSF portfolio? Are you looking for a secure, easily maintained home for a student or other loved one?
30/25 Macquoid Street
Queanbeyan East NSW 2620
$125,000
Small size, small maintenance, small holding costs! Currently rented to October 2016 at $180 per week to neat, single tenant.
Totally renovated, furnished studio in quiet, well maintained complex on secure second floor. Centrally located in Queanbeyan within 5 minutes’ walk to shops, supermarkets, Queanbeyan Tafe and fast food outlets.
Drive times to:
• Canberra Institute of Technology, Reid – 15 minutes
• Australian National University – 20 minutes
• Australian Catholic University – 25 minutes
• University of Canberra – 30 minutes
• Canberra Institute of Technology, Bruce – 30 minutes
• Canberra Institute of Technology, Tuggeranong – 30 minutes
Fully updated, light and bright open plan studio style living with new kitchen and bathroom. Foxtel and NBN ready, comes completely furnished including air conditioner, heater, miele washing/dryer machine, fridge, microwave and new gas stove. Assigned undercroft car port.
An investment that can pay itself off:
• Body corporate $904 per year (includes insurance)
• Rates: $1,500 per year
• Mortgage (approx.): $7,176 per year (principal and interest), $5,564 (interest only)
• Rental income: $9,360 per year
Studio 25m2, Car Port 18m2
PLEASE NOTE: In spite of the trend for small size living, tiny houses and downsizing, to obtain a mortgage for a property of this size, banks will usually require buyers to borrow against a level of existing equity.
To make an appointment to view, please contact Jo Maxwell at Dwyer Dunn on ******** 513 + click to reveal  or (02) *****7777 + click to reveal .