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15/8 Tonga Place

Parkwood QLD 4214

3
3
1
Unit
Currently for sale - view listing

Overview

Purpose-Built Student Investment

Designed specifically for the investor market, this property offers a unique opportunity to secure purpose-built student accommodation where each of the three bedrooms can be rented separately, creating multiple income streams from a single property. Ideally positioned close to Griffith University and Gold Coast University Hospital, the property is located in one of the Gold Coast's key education and medical precincts. With public transport and the light rail nearby, students have easy access to the university, Southport, shopping, dining and the wider Gold Coast. Unlike a traditional three-bedroom rental with a single tenancy, the student accommodation model allows each bedroom to generate its own rental income, providing investors with the potential for an attractive combined return while spreading vacancy risk across multiple occupants. Investment highlights include: • Purpose-built student-only accommodation • Three bedrooms, individually rented • Multiple rental income streams from one property • Excellent proximity to Griffith University • Close to Gold Coast University Hospital • Convenient access to light rail and public transport • Strong student-focused location • Low-maintenance investment opportunity • An affordable entry point into the Gold Coast investment market For investors focused on cash flow and rental yield rather than owner-occupier appeal, 15/8 Tonga Place represents an opportunity to secure a specialised investment in a location that will remain in demand. The Math - Rental return - $1125 pw Body Corp - $70pw after discount pw Rates $2600 approx pa Water - $1700 approx pa Disclaimer: All information (including but not limited to the property area, floor size, price, address, and general property description) is provided as a convenience to you and has been provided to McGrath by third parties. Consequently, McGrath is unable to definitively attest to the listed information's accuracy. McGrath does not accept any liability (indirect or direct) for any injury, loss, claim, damage or any incidental or consequential damages, including but not limited to lost profits arising out of or in any way connect with the use or dissemination of any information, or any error, omission, or defect present within the information as appearing on the Website. Information appearing on the Website should not be relied upon and you should attend to your own personal enquiries and seek legal advice (where required) with respect to any property on the Website. Please also note, the prices displayed on the Website are current at the time of issue but are subject to change.

Features

3 bedrooms
3 bathrooms
1 carspace
1 garage space
Unit

Property history for 15/8 Tonga Place

2023
Sold
$382,500
Private Sale/Treaty on 30 Jan 2023 by Lisa Gregory, of Johnson Real Estate - Redland City

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 18 reviews in Parkwood over the last 12 months.

Local market activity for 3 bedroom units in Parkwood

In the last 12 months, 1 three-bedroom unit similar to 15/8 Tonga Place, have been sold.

This represents a 67% increase in three-bedroom units sales when compared to the previous 12 months.

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