Investors dream - Approx 6% return

*Fantastic investment opportunity with long lease and managed by Adina Hotel Group.
*Outstanding 6% approx. return, low risk, low fuss.
*Set & forget investment with all refurbishments performed by Adina Hotel Group.
*Spacious and modern interior. Air conditioning. Great condition throughout.
*Leased to the Adina Hotel group, current lease 5yr + 5yr.
Gross return of approx $18,000 last financial year. Approx $350p/w.

*Annual rent increase of approx 4%.
*Pool, gym, sauna & spa.
*Rarely offered investment opportunity.
*Wollongong beach, mall and WIN Stadium all within walking distance.
*Set in the heart of Wollongong, in close proximity to restaurants and night life.

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Main Property Features

Listing Number: NWL2226

Property Type:
Serviced apartment
Property condition:
Excellent
Garaging / carparking:
Under Building Parking
Flooring:
Carpet
Heating / Cooling:
Ducted
Chattels remaining:
Fixed floor coverings, Light fittings, Curtains
Main bathroom:
Bath
Views:
City
Locality:
Close to transport, Close to shops, Close to schools
Legal details
  • Body corp fee $: 616.00
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Harcourts Wollongong

7/132 Corrimal Street
Wollongong
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Property Location