HIGH RETURN INVESTMENT
* STUDENT RENTAL ACCOM ONLY - NO OWNER OCC *
If you're looking for a high return investment that you can simply set and forget, then get a load of this unit in the very popular student accommodation campus known as UniLink Village. This property is within walking distance to University of Southern Queensland (UniSQ) and the complex is suitable for all students, including school, TAFE and online studies (must have a student number).
This 5 bedroom option includes one en-suited bedroom, a huge, shared bathroom and a decent sized living and dining area that comes off the kitchen. Painting, carpet and appliances have recently been done, so the unit is in excellent condition. Included in the sale is a full furniture fit-out that stays with the property, allowing the tenants to move into a fully furnished room and house.
All rooms are now leased, with a total return of $770 p/wk (4 x $150 p/wk and 1 x $170 p/wk). The current tenants are hoping to stay on long term while studying and thanks to the excellent on-site management, there is an extremely low vacancy rate.
This property does sit in a flood zone, but this unit has never flooded (2nd story). Insurance for the flooding is covered in the body corporate, and this includes loss of rent and rehoming costs.
Property Highlights:
• 5 bedrooms, 2 bathrooms, plenty of on-site parking for cars
• Access to in-ground swimming pool & club house
• On-site office and management
• Walking distance to UniSQ
• Close to Ipswich CBD, schools and shops
• Near-by bus stops for easy transportation
• Currently leased, 5 rooms, totalling $770 p/wk
• 4 x $150 standard rooms & 1 x $170 en-suited room
• ICC Rates: $2,476 p/a
• QUU Water: $1,440 p/a
• Body Corporate (inc insurance): $7,700 p/a (before pay on time discounts)
• Body Corporate (inc insurance: $6,825 p/a (with pay on time discounts applied)
• Electricity: $2,000 (capped)
• Approx rental management costs: $3,000
• Complete furniture package included
• Student accommodation only - no owner occupiers
