Currently Leased until January 2015, this exciting investment boasts the potential for a positive return based on the current variable bank rate. If you are looking for an investment property in a popular location that is close to public transport, schools and Chapel Street shopping precinct that can offer you a gross return of around 8% then look no further. This fully furnished apartment is perfect for the astute investor that would like to add to their property portfolio. Currently leased at $12,000 per annum (approx). Furniture includes a reverse cycle air conditioner with remote control, a flat panel TV with built in DVD player, refrigerator, microwave oven, stainless steel cook top and exhaust fan, king size single bed with storage drawers, built in bookshelf, study desk with swivel chair and window furnishings. The price has deliberately been set to sell and all reasonable offers will be considered. Terms are very flexible so please call to arrange a private inspection.