SOLD! This building known as Elizabeth House is an 8 level building housing 57 units with 2 retail shops.Positioned on the 5th level of this circa 1940s building, apartment 52 overlooks Elizabeth Street and has district park views.This 1 bedroom apartment features built-ins, an internal laundry area, is close to the city centre and has a bus stop on the door step.Currently let at $315 p/w lease expired. Investors note: an extremely strong rental demand area.High Levies... a short and simplistic summary as to why the levies are higher than normal.This building required upgrades and as there were insufficient funds, the building borrowed money to pay for these improvements. These building works are now budgeted for, but this 4 year loan still needs to be repaid.Therefore, it was agreed by the building's body corporate that the levies were to be dramatically increased.We advise that all potential buyers conduct their own Strata reports.It would be clever buying to take advantage of this current position which has a limited period then imagine the capital appreciation once the loan is paid off and the high levies are reduced.Based on the high levies our motivated Vendor has set a very attractive selling price.Additional feature - Built-In Wardrobes.