Located in the popular Unilodge on Margaret Street, and with a Gross ROI of between 10 and 11%, this unit is a great cash positive investment or home for someone wanting a place to live in the heart of the city.
This unit is the larger sized and more favoured Type C floor plan with an internal size of 22m2. It is currently leased for $430.00 a week until 15th of October, by which date you can either renew the lease or have vacant possession to move in.
Located on the 21st level with East and South East views including river and park glimpses, the full list of features include:
Preferred C Type floor plan of 22m2
Secure building
Fully furnished
Body Corporate approximately $1030.00 a Quarter - inclusive of Admin, Sinking Fund and Insurance + Electricity
Council rates approximately $481.95 per quarter (Cheaper if owner occupying)
Water rates approximately $275.00 per quarter (based on consumption)
Can be owner-occupied
Good onsite management 7 days a week
Can be managed by outside agents if preferred
Healthy sinking fund balance $1,270,000.00
Large reception area
Lap Pool (4th level)
Covered BBQ area
Communal kitchen
Communal dining hall
Communal lounge/study area with free Wi-Fi
Communal media room
Communal paid laundry
Communal herbal garden
Licenced Café on site
Location wise the unit is conveniently located a short walk to :
QUT Gardens Point campus and City Cat Stop
Queen St Mall
Botanical Gardens
Queens Wharf casino project (Under construction)
Albert Street Cross River Rail Station (Under construction)
Contact agent to arrange an inspection to suit your schedule.
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