Amazing Cashflow Investment Opportunity in Parkwood! You can walk to University, the University Hospital, Gold Coast Private Hospital, the new Health Precinct and the GC light rail network. University Square is a 'quiet and socially responsible' purpose built student facility. Literally across the road from Griffith University and Gold Coast Hospital Precinct, "University Square" is a highly-sought after address for students attending the university, especially for those without a car. Located in a shop-lined precinct there is plenty of parking plus food, cafes and amenities right at their door. Tightly held this 'no-brainer' investment, low maintenance and well taken cared off with the onsite management. Returning an attractive yield, this affordable property is ideal for the investment or SMSF portfolio. As income is pooled and split according to lot ownership, the risk of vacancies is minimised.
HIGHLIGHTS
- 3 Bedrooms + 3 Ensuites (all rooms rented individually)
- Fans and built-in robes in all bedrooms
- Generous kitchen with stainless steel appliances
- Open plan living and dining
- Plenty of street parking
- Built approx 2002 the 2-storey complex sits inside a gated and secure complex. There are 24 lots with a total of 65 rooms
- On site management with a direct relationship with Griffith University
- Walk to Southport Sharks, cafes and Tram Station
FINANCIALS
- 3 tenants are paying in total of $930 per week rent.
- Body Corp approx $4860 per annum
- Rates approx $2700 per annum
- Water Rates approx $1300 per annum
Contact Kishor Tiwari today for more information or to arrange an inspection.
DISCLAIMER
We have used our best endeavours to make sure the above information is true and accurate. However, buyers should not rely on this information and are encouraged to make their own enquiries to verify all information. Our agents and agency accept no liability for any errors or omissions. Buyers are encouraged to seek independent legal advice with respect to the property and entering into a contract of sale.
