Huge Opportunity! Queen St freehold One Bedroom

Freehold apartment at 508 Queen Street leaving plenty of profit for a clued up cash buyer. North West facing apartment corner unit(end unit) with plenty of natural light and city views. A proper one bedroom(not a studio) with reasonable size makes it cosy and comfy.

The 508 Queen Street apartments have known remedial issues which will cost the new owner funds to fix. There is already a significant sum sitting in the body corp accounts to help pay for the project, for this unit 6J the settlement fund is $72,345+GST.

You will be handsomely rewarded by taking the time to understand these issues in this superbly located complex.
This apartment complex will be reclad, remediated, remodelled and upgraded to latest contemporary trends.

What this apartment offers:
• Spacious one bedroom, one bathroom, north west facing, sunny & bright
• CV$195,000 (2021 Rates)
• Floor size of 34 square metres PLUS a spacious balcony, with a view of Sky Tower
• STRATUM IN FREEHOLD TITLE, best you can buy for apartments
• Low annual outgoings: BC levy $3,148.32/p.a
• City council rate $925.82/p.a.

More details will be sent upon request.