Kingsley, Perth - 3X1 Investment prop sale

[odaat]

Reluctant sale.

Kingsley, Perth WA 3 X1 Investment property.
Excellent location opposite schools, park and shopping.
10 min. to train station.

Currently tenanted 12 month lease till March 2005
Rental $800 pm - mature couple.
No problems at all.

managed by letting agent, fully maintained figures available.

Property has been 100% tenanted for the past 4 years.

$250k for quick sale.
email [email protected]

 

[qaz]

3.84% yield

 

[odaat]

Ah - Yield everything ?

Capital gain ?
forced appreciation from a refurb. = increased rental ?
mature stable tenants due to below mkt rental ?
800 sq block, subdivide ?
Desirable location = tenant demand ?

High yield IP from blue chip locations is a bygone era IMO
odaat

 

[Rixter]

At this stage in the property cycle Higher yielding IP's in higher CG areas are not found they are Created - hmmm worth thinking about

 

[qaz]

How do u create them?

 

[Ralph]

Right property, right level of rejuvination = higher yield

Seems to make sense to me, but with no current IP's I'm long on reading and short on real experience.

 

[Peter 14.7]

Easier said than done ATM. Beware those wishing to sell advice for $. It is that good why sell?

Cynical, Peter 147