10/120-122 Karne Street North Roselands, 2196 NSW

Town House to Be Sold to Investors Only

Ideally located close to Roselands shops is this 2-bedroom townhouse including 3 bathrooms with registered under cover parking and storage. This townhouse is available and can only be sold to Investors or self-managed Superfunds.

Rentals are at $600/week, rental reviewers are performed annually in accordance with market and rental CPI.

Rental is set in accordance with guidelines from Housing NSW. Tenants are assessing annually to ensure ongoing compliance. Minimum annual income level for tenants is $88,100.

The dwellings are built under The State Environmental Planning Policy (Affordable Rental Housing) 2009 (ARHSEPP) and managed by Axis Housing Ltd, community provider. The ARHSEPP policy's intent is to facilitate the increased supply and diversity of affordable rental housing in NSW.

In a nutshell these properties can only be sold to investors and must be leased for a period of 10 years Axis housing welcomes investors to participate in the final review of tenant selection.

On the completion of the 10-year period, subject to council approval, there is no longer a requirement to maintain the property for Affordable Housing.

For Sale $899,999

Inspect

Inspection of this property is available strictly by arrangement only.

Contact

• John Kalianiotis

  john.kalianiotis@century21.com.au 0414 702 802

• Peter Kalamvokis

  peter.kalamvokis@century21.com.au 0419 276 737

388 Chapel Road

Bankstown NSW 2200