This student only accommodation is perfect for anyone who wants to add a gem in their investment portfolios. Even if you take up 100% bank loan, this property would still be positively geared.
Defining features for the property include:
• 3 bedrooms with built-in wardrobes, 3 en-suites and 1 carpark
• Spacious living, dining and kitchen
• Air conditioning
• 2 private courtyards
• Large shared swimming pool and bbq area
• First floor unit
• Fully furnished so the furniture come with the property
• More privacy as property not facing the main road (facing the Mexican Restaurant side)
• $630 per week rental
• 97% occupancy rate over the past 3 years
• At least 6% net profit per annum
• The complex is well looked after by friendly Onsite Managers
• Fully secure with electronic swipe gates and intercom
Expenses for this property includes:
• $4,600 per annum for body corporate fees
• About $300 per quarter for Council rates
• Around $1,000 per annum for water usage
• $22 per week per room for electricity and internet
Location wise, it is minutes from Griffith University and the newly extended Westfield Garden City Shopping Centre. There is a main bus exchange at Westfield Garden City Shopping Centre and the complex is on 3 bus routes, which is very convenient for the students in the complex.
*Viewing the property can only be organised through appointments*
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