49 Mount Sugarloaf Drive, Glen Alpine

8 5 3

Another Glen Alpine home Sold by Belle Property

This is a rare and sought after investment opportunity. This enormous 8 bedroom, 5 bathroom home comprises a 6 bedroom home with 3 bathrooms plus 2 self-contained studios. This entire property is currently leased to the NSW Government until July 2017. The current lease holder has held this lease for over six years and is highly likely to re-new another three-year lease at the end of the current lease. The $976 per week rental return has a CPI index increase every 12 months built within it and the rent is due to increase very soon. The current lease holder also pays for the property to be professionally cleaned and maintained and pays for the gardens and lawns to be maintained. This property is being sold inclusive of all of the furniture as it is leased out as a furnished property.

- Incredible rental return for the savvy investor.
- The lease is utilised by South West Medical Services.
- There is little wear and tear on the property as it is often vacant and unoccupied.
- Large block with triple garage and great views from the balcony and yard.
- The property has public transport right at its door step and in a great suburb.
- Rare investment opportunity that will not last.

Property Type House

Land Size 852 m2

Price Sold - $915,000

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