Investors after a low-maintenance foothold in one of Brisbane's tightest rental pockets should look closely at this recently renovated one-bedroom studio in Kangaroo Point.
The apartment is currently leased at $2,207 per month, which is $26,484 in gross annual rent and a gross yield of 7.06%. After the annual body corporate levy of $4,568, the net yield sits at 5.47%. That levy is worth reading twice, because it covers wifi, electricity and water. Three of the outgoings an owner would normally carry are already accounted for, which gives you a cleaner and more predictable holding position than most studios at this level.
Inside, the studio has been updated throughout with new floors and a new kitchen, and it faces east to protected river views from its own balcony.
Occupancy is a real strength here. The building's collaboration with neighbouring Shafston College keeps vacancy rates low, and the apartment is not restricted to student accommodation. It is equally open to owner-occupiers, which widens both your tenanting options now and your buyer pool later.
Within the building, residents have a full gym, laundry facilities, a lounge and seating areas, and a large communal balcony. Secure car parking is available on site.
The location carries a lot of the value. The CityCat terminal and bus stops are only moments away, while the Kangaroo Point Cliffs, South Bank and the Brisbane CBD are all within easy reach.
For an investor the case is straightforward: a renovated, income-producing studio with strong yields, low vacancy, capped outgoings and a location that holds its demand.
Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
