5/2 Porter Street,

Ryde

Secure a set-and-forget investment with an existing tenant paying $600 per week until 6 October 2027. Delivering approximately 7.6% gross rental yield, this ground-floor one-bedroom apartment offers investors an attractive combination of strong rental income, a low entry price and a secure tenancy. Recently refreshed with new flooring and fresh paint, it features a practical open-plan layout, private patio, internal laundry and secure basement car space. Conveniently positioned close to local shops, transport, parks and everyday amenities, it is a straightforward, low-maintenance addition to an investment portfolio.

• $600 per week rental income
• Lease secured until 6 October 2027
• Approx. 7.6% gross (or 5.1% net) rental yield
• Ground-floor position with private patio
• Freshly updated with new flooring and paint
• Internal laundry and full bathtub
• Practical one-bedroom layout with open-plan living
• Secure basement car space with intercom access and visitor parking
• Convenient Ryde location close to shops, transport and parks Total area: 70 sqm

Note:

Strata: currently $2,071 per quarter, temporarily increased from $1,300 per quarter to fund a $596,260 carpark waterproofing project. The works contract has been signed at a fixed cost, with this apartment's contribution approximately $6,558 based on its 1.1% unit entitlement.

For further information or to arrange a private inspection, please contact Jackson at 0431 011 823.