Sick of the volatility of the share market? Then this could be just the investment for you. The complex is for over 55's and only suitable for single mature aged persons who are looking for clean, comfortable accommodation with 3 meals a day provided in their rent per fortnight.The 2 units that make up the duplex (on one title) receive $510 per fortnight each ($1020) and returns a solid NETT 6% after all outgoings of council rates, water rates, body corporate levies, admin, marketing and property management fees. (6% not applicable if outgoings include interest on a loan - copies of all outgoings and rent are available)An on-site manager oversees the running of the complex and the maintenance of the gardens etc. The complex is highly sought after due to good management and location. The current owner has had them for many years and they have been consistently rented out. This duplex is unique as it is upstairs and has its own private covered balcony over-looking the gardens. One unit was fully renovated with new carpets, window dressings, paint and bathroom a few years ago. Each unit consist of combined living/dining area, kitchenette, bathroom, laundry,air con and ceiling fans.The complex provides a common area to gather socially and a dining room for all the tenants meals prepared in the commercial kitchen. Parking spaces are provided for tenant's cars, and the complex is short stroll to the city bus, a 10-15 minute walk to the Aspley Hypermarket, bus exchange and local eateries. • Each unit has combined dining /living, laundry, bathroom and bedroom• Ceiling fans in living and bedroom• Air conditioning • Tiled and covered front patio overlooking gardens• 3 Meals a day for all tenants• On-site managers 24/7• Short stroll to city bus, 10-15 min walk to Aspley Hypermarket and bus exchange• Duplex on one title• 6% NETT return after all outgoings (return will be lower if a mortgage is involved)•This property has gone under contract subject to conditions.•Please contact agent.Please call Wayne Cornell 0410 405 031 for any queries and to arrange your inspection (24 hrs notice req'd) Open homes are not available, inspection by appointment onlyDisclaimer:"Information contained on any marketing material, website or other portal should not be relied upon. You should make your own enquiries and seek your own independent advice with respect to any property advertised or the information about the property.""LJ Hooker Albany Creek | Warner also offer a property management service. If you're considering renting your property, are looking to buy or would like a free review of your current portfolio, please call our main office on (07) 3264 9000."
