Fantastic Income and Great Locale-7% Return Larger than usual modern studio apartment securely leased to Oaks on market with current income of approx $1500 per month net ($18000 per annum) to owner. 5% rent increase every second year and further market review at the start of each term.Features include: Light filled north facing with city view, large windows, spacious living area, quality modern furniture, functional kitchen, large sparkling bathroom with laundry facilities, reverse cycle heating and cooling,An excellent opportunity to purchase an investment property with regular high cash return.Lease Term: Until 2016 Options: Four x 5 years. Rental Increases: 5% every second year.