The property is fully let and fully managed so you don't need to worry about vacancies.
This is a sort after property in a great location. It nearly rents itself. Rental demand is quite high as things are starting to "steam up" with local industry projects coming online.
So, let's talk about your purchasing options.
Regardless of which option you choose, the 5% Deposit Layby funding assistance is available for every option. It simple comes down to what option you choose.
You can buy ANY ONE of the units individually (as a principal place of residence or as and investment) - investment returns range from 6.65% to 7.95% (unit dependent),
You can buy THE ENTIRE PORTFOLIO (at a discount) and take advantage of additional significant Bonuses:
A Portfolio Purchase gives you:
- A $278,000 discount for buying the lot,
- A free 800m2 block of land (suitable for 2-3 more units on it under current zoning - STCA)
- A current return of 8.16% (based on the discounted price).
This is a Fully-Managed, Cashflow Machine, generating fantastic returns, offering further development potential, while letting you use Other People’s Money to help you make the purchase.
It’s very rare that an entire portfolio of high-quality, fully-leased, fully-managed positive cashflow properties becomes available.
Rarer still is the ability to BUY an entire portfolio NOW and PAY off the deposit LATER!
Essentially Housing Heroes can help you with “Top-Up” deposit funding for up to 5% of the purchase price (under our trademarked Deposit Layby program) which you can pay off AFTER settlement (over the next 15 years).
This FULLY- MANAGED, FULLY LEASED income producing “Ten-Pack” unit complex Portfolio is generating $159,120 in annual rental income with a generous return of 8.16% (based on buying the entire portfolio and receiving the discount).
In addition to the current cashflow, an additional 2-3 units can be built on the free blocl of land (under current zoning laws) which can increase both the asset base & rental income further .
The unit complex is strategically placed in an area that can afford above normal rents in the down cycle of the market, and can achieve exceptional (if not outstanding) rental returns in the boom and plateau stages of the property cycle.
In SUMMARY, the entire Portfolio consists of:
• A Ten-Pack of strata-titled Apartments - “Rosevilla”
o 10 x fully furnished 2 BR units (20 bedrooms in total)
o 10 Bathrooms
o 10 Car Accommodation
o Modern fit-outs
o Brand new furniture and white goods in each unit
o Fully tenanted
o Fully renovated in 2016 (depreciation schedule will be generous)
o $159,120 pa income (current)
• A separate 800 m2 block of land (on separate title)
o Able to fit 2-3 additional units under current zoning
Ignoring the additional future profits available when you develop the site further, the cashflow alone is delivering a 8.16% return across the entire investment.
The unit block is well located in one of Australia’s most important regional hubs that drive the national economy. The properties are popular and sort after by local tenants.
The portfolio currently enjoys a good mix of corporate and private tenants.
The town is starting to get really busy and everything "on the ground" is pointing to a fantastic few years ahead of us in this economic region.
The sellers have made a business model out of identifying proven locations that demonstrate very strong future prospects, finding under-performing or “run-down” unit complexes, renovating them to a high standard, establishing quality management, and once fully let, packaging them to super funds or significant investors wanting a hand-off “set-and-forget” investment.
This means all of the hard work has been done for you and someone else has fixed up all of the problems; so it’s sit back, relax and collect the cashflow.
That same formula has been applied to this portfolio.
The recent high-quality renovations and the construction of additional new buildings (over the last few years) offers tenants very appealing units to live in with fantastic amenity; while giving the owner/investor very generous depreciation schedules for Mr Taxman!
Imagine that, receiving the cash flow but not needing to pay the tax due to the significant “paper-losses” available on the QS write-down (offsetting that income). * Check with your accountant obviously.
Considering the Deposit Layby program compounds the “cash-on-cash” returns further (using other people’s money to buy the property; rather than your own funds), this opportunity is one that should be evaluated closely.
SUMMARY OF INDIVIDUAL UNIT PRICING:
U1 - $219,000 returning 6.65%
U2 - $229,000 returning 7.95%
U3 - $219,000 returning 7.12%
U4 - $225,000 returning 6.93%
U5 - $229,000 returning 7.95%
U6 - $225,000 returning 7.4%
U7 - $225,000 returning 7.4%
U8 - $219,000 returning 6.65%
U9 - $219,000 returning 6.65%
U10 - $219,000 returning 6.65%
The individual units can be purchased by either Investors OR Owner Occupiers
For a full Information Memorandum on this “Fully-Managed, Cashflow Machine”, please send an email to CashFlowMachine@housingheroes.com.au
We can then send you an electronic copy for your perusal.
Alternatively, call Mike Kelly on 0407 007 009.