If you are looking for hassle free returns this property must be considered. The complex was originally built in 2005 and was completely designed with investment in mind to maximise investment returns.
The apartment is currently set up, so each individual room is rented on its own lease. Currently providing a gross rental of $560 per week it represents a superb return in the heart of an emerging Brisbane precinct. The ongoing costs are extremely low, and the vacancy is almost non-existent.
The features are as follows (but certainly not limited to):
– 4 Bedrooms all on individual leases;
– One bathroom with two separate toilets;
– A well-positioned kitchen & dining leads to balcony;
– Apartment is furnished with common games area; &
– Located in the West End River precinct.
Not only does this property offer ideal investment criteria, it also offers the following location and lifestyle benefits that this emerging suburb of West End:
– 600m to ALDI Center;
– 750m to West End Ferry Terminal;
– 1.5km to main dining precinct;
– 2km to Brisbane State High School;
– Easy bus access to the Brisbane CBD.
West End is a thriving Brisbane suburb with a vast range of cultures and a hive of new development and infrastructure. The Brisbane State High School precinct is becoming one of the most sought-after opportunities within the greater Brisbane property market. This has all of the essential investment ingredients.
However, if you are an owner occupier that would like to think outside the box and find a way to break into the Real Estate market this opportunity is ideal. Secure the apartment and easily rent out the other 3 bedrooms and receive approx. $420 a week which will go a long way to covering the mortgage and associate costs.
The current seller has owned the apartment for quite some years, however, it is time to de-leverage and capitalise on other non-related investment opportunities. Call now to arrange a private appointment or attend the open home and ensure you submit your offer to be in consideration.
