Investment opportunity: oversized apartment in Ingleburn 2/2/1
Seize a rare investment opportunity with this 2-bedroom apartment in a well-maintained, 7-year-old walk-up complex of just 16 units.
With a secure, long-term tenant and low strata fees, this property offers stability and future upside for the discerning investor.
This apartment has a registered 10-year caveat under the Affordable Housing SEPP, which allows the approved tenant a 20% below-market rent rate. The caveat has 3 years remaining, after which time you can choose to either move in to the apartment or re lease at full market rate to the general market. This unique restriction opens a door for future upside, particularly when the last 3 sales in this complex, without caveat restrictions achieved prices of $590- $615,000.
This oversized 90m² apartment features:
> Two spacious bedrooms, including an ensuite to the master.
> A modern kitchen with gas cooktops, stone benchtops, and a dishwasher.
> Tiled living areas, air conditioning, and a full-size covered verandah.
> A registered car space
Conveniently located walking distance to schools, Ingleburn's CBD and station, this property is an exceptional investment for an astute buyer or SMSF to realise future gains and or refinancing opportunity in the short term. Don't miss this strategic opportunity to purchase below market now and and sell or refinance at true market value in 3 years time .
NOTE: In preparing this, we have used reasonable endeavours to provide information that is true, however it is provided on the basis that readers will be responsible for making their own assessment of the information and are advised to verify all relevant representations, statements and information. All photographs and images are representative only, for marketing purposes.
