Yes the property market is quiet at the moment and buyers have had time to research and become well educated in property values. That is why this property has been priced to represent an excellent ROI and should be considered by all astute investment buyers. Currently rented at $275pw (going to $285 in Sep 2012) this represents a gross yield minimum over 6.2%.

What is so special about this apartment to attract long-term tenants? It offers affordable living and is situated in a perfect location (central Mermaid Waters) at the ever popular Sanctuary Apartments – Waterfront Complex.

This is an excellent time to invest in your future with this comfortable 2 bedroom air-conditioned apartment that has been fully leased throughout its life as a rental investment.

Generous in size, the well laid out kitchen has plenty of bench and cupboard space with a servery/breakfast bar to the dining area. The open plan living/dining and the bedrooms are carpeted and painted in neutral colours. The main balcony off the lounge has distant views across the waterway and out to the hinterland. The bedrooms have large built-in wardrobes with mirror sliding doors and a bonus small balcony off the main bedroom with a peep across the main pool to Lake Intrepid. The bathroom & laundry room is tiled with a built in vanity and a dryer.

The entire building is constructed in low-maintenance, permanent solid masonry throughout including the interior walls to enhance the quiet living & privacy. The under building carport also includes a large lockup storage room.

This unit has always been attractive to prospective tenants and enjoys 100% rental continuity under astute on-site property management.

The Main Features include:.
* Waterfront Complex
* First level balcony – room for outdoor setting and BBQ.
* Air Conditioning.
* Lockup storage & undercover car-parking.
* Gated complex – quiet long term residential (no holiday apartments)
* 2 sparkling pools, Fishing jetty, boat ramp, BBQ & picnic and large parklands
* Local shops across the road including restaurants, fresh fruit, bakery etc.
* Low Body Corp levies, solid sinking fund, recently painted building.
* The Sanctuary is a consistent rental performer - excellent income continuity
* Currently leased until Sep 2013 with a built in increase to $285 in Sep 2012.

The Sanctuary is a peaceful 80 unit gated permanent residential complex, primarily investment, on the water’s edge of Lake Intrepid. This complex is a sought after location for capital growth being on the water and close to Mermaid Beach, Pacific Fair, Jupiter’s and the Convention Centre.

The vendors are committed and have priced this excellent property to sell, so if you are looking for an ideal investment at The Sanctuary Apartments please call the friendly On-Site Managers to arrange your private viewing. Click on ‘Contact Agent’ for our details.


Details on the sustainability declaration for this property can be obtained by contacting the agent