Lot 2 SP250259 (334 SqM) being units 2 and 3 at 109 Grand Plaza Drive is available for sale at $1,360,000.
Rental income is $107,845 PA.
Costs are $4,160 (Body Corp) and $7,550 (Rates).
This gives a nett income of $96,135 PA which represents a return of over 7%.
The Body Corporate insures the building while the tenant is required to insure the Lot.
Current Land Tax valuation of the Lot is $331,915. There are a total of 45 car parks; 6 assigned to Lot 2 and the remainder common use.
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