POSITIVELY GEARED INVESTMENT!

Description

Assuming full borrowings at the current rate of 6.04% this great opportunity will pay for itself!

Currently it returns $39,000 per annum from rent of $375 per week on each of the two bedroom, two bathroom units in this duplex pair. Mortgage payments (including borrowing stamp duty) would be fully met by the rental and there is plenty left over for rates and insurance. And with two units it is unlikely both would be vacant at the same time so you can hedge your investment. They are strata titled which also gives you the option to sell one.

Kununurra is a little jewel of prosperity in the north of Western Australia.

The average annual return over the past five years has been 24%.

Set in the rich, agriculture, pastoral and mining area of the east Kimberley it is the infrastructure, recreation and commerce centre for the northeast.

It is a bustling busy oasis on the edge of the Ord River Irrigation Area and is also a haven for tourists travelling the north.

The Western Australian government has just given approval to Stage 2 of the Irrigation Scheme, a huge investment in the area, which will significantly expand the irrigation area and is expected to have a huge impact on growth of the town and surrounding area.

Here is your opportunity to share in the wealth of the Kimberley without the risk of buying shares!

The units have two double bedrooms and are set on a block of 1393 square metres - future redevelopment potiential too!

They are located handy to the town centre and employment and recreational facilities.

To buy your slice of Kimberley gold call today 9202 3614 or 0403 577 288.

RATES:
$2146.00 per annum
$1372.00 per annum