***STUDENT RENTAL ACCOMODATION*** ONLY INVESTORS!!!
Looking for your next investment property? This property generates over 4.3% yield after body corporate, mgmt fee and rates, so makes an attractive source of income and is perfect to add to the property portfolio or to the self managed super fund and have great returns with rents in here set to increase in the near future
Realistic seller who ideally is looking to sell this positively geared investment and has bought another place due to settle in the new financial year. A fact sheet on this property is available through the agent so please ask for further details.
* Three bedroom/three bathroom mid floor apartment of two storey walk-up
* 'Nexus place' - student rental accommodation
* Circa 2003 brick and tile complex consisting of 39 apartments
* Approx floor size 100sqm and located on the middle floor
* Well appointed layout with each bedroom ensuited
* Currently returning $450 per week. Lease expiry 15th December 2023
* Mgmt fee 8% Plus GST through the on-site managers
* Secure basement car parking available through mgmt
* Laundry facilities, games room, pool, BBQ area, on-site managers
* Body corporate approx. $90 per week including building insurance
* Rates (investor rate $1018.50). Water approx. $468.64
* Fantastic location in Ashmore - walk to shops, transport & short ride to University
Property ID: #L18833542
