13 Tonga Place, Parkwood, QLD, 4214 - Apartment Sold on 12 03 2017

SoldMar 12, 2017

13 Tonga Place, Parkwood, QLD, 4214

$187,000

Apartment

•

30+ days on the market

Sold: Mar 12, 2017

What's around 13 Tonga Place

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!