5/66 Festival Court SALISBURY SA 5108
$114,950

DESCRIPTION

This neat ground floor unit is perfect for savvy investors looking to expand their portfolio. Set in a neat group located close to all local facilities, this investment can be as easy as purchase and forget.

Located within a very short walking distance to the under renovation Parabanks Shopping Centre and the Salisbury CBD, this location allows for convenience and ease of transport. Being situated close to Salisbury Interchange, catch the train and you'll be in the Adelaide CBD within half an hour. Despite not needing a vehicle, there is an undercover car allocation.

Currently the property is leased to a long-term tenant of twelve years who has indicated he would like to stay on. The rent is currently set at $160 per week but others in this group are currently leased for $200 - $210 per week.

Crunch the numbers and do your sums, outgoings are approximately:
Council Rates - $998.75 per annum
Water Rates - $154.25 per quarter
Strata Fees - $233.93 per quarter
Sinking Fund - $52.50 per quarter

You'll struggle to find a unit with current strata fees as low as this one. Contact us today to arrange your own inspection of this neat unit.