Back 13 Tonga Place
Off Market

13 Tonga Place

Parkwood QLD 4214

2
2
Apartment
Last sold for $187,000
Michael EllissMichael Elliss, last sold this property on 12 March 2017 after 163 days on market.

Overview

Cheap Investment returning over 4% Yield after expenses!!!!

'University Square' is a fantastic student accommodation complex consisting of 24 units rented out to students on a room by room lease generating a yield of approx. 4.1% after expenses. Great property to add to the portfolio or a superannuation fund! A short walk to the light rail station, which takes you on a 13km journey to Pacific Fair in Broadbeach, with stage 2 currently underway from Parkwood to Helensvale Train Station. Interstate seller reluctantly saying goodbye to this investment after 13 years but has priced this property to walk out the door! * Spacious two bedrooms/two bathrooms - all ensuited bedrooms * Fully furnished top floor unit of two storey walk up in block of 24 units * Large kitchen - s/steel appliances, plenty of bench space & ample cupboards * Currently returning $1300 per month rental returns. Lease exp 31.12.16 * Body corp approx. $42 per week. Complex approx. 11-13 yrs old * Excellent investment property with high returns....Do NOT miss out!! * Centrally located to largest university on the GC, within walking distance to shops, transport, parks and short drive to M1 * Council rates - $810.65 per 6 months. Water rates - $339 per 3 months (approx.) For further information or to arrange an inspection, please call Michael Elliss on: 0402 858 174 or feel free to email me and I can send you all the relevant docs on this beaut investment!

Features

2 bedrooms
2 bathrooms
Apartment

Estimated Value

We need at least 3 similar 2 bedroom apartments sold in Parkwood over the last 12 months.

Property history for 13 Tonga Place

2017
Sold
$187,000
Private Sale/Treaty on 12 Mar 2017 by Michael Elliss, of Harcourts Broadbeach | Mermaid Waters

Happy sellers in Parkwood

89%
89% of sellers in Parkwood reported that their sale price either exceeded or met their price expectations.

Parkwood stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 19 reviews in Parkwood over the last 12 months.

Local market activity for 2 bedroom apartments in Parkwood

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