Entry level apartment overlooking Kedron Brook
Welcome to Tamara Gardens, an impeccably maintained brick and tile complex boasting a tennis court and in-ground pool backing onto the Kedron Brook. Apartment 13, situated at the rear of the complex, offers picturesque views of Kedron Brook and the tennis court. With meticulous upkeep and improvements, this 1980s complex comprises 24 apartments in a quiet street and ensures security with secure intercom building access. Apartment 13: Elevated on the top floor, Apartment 13 provides both views and seclusion. Featuring 2 bedrooms and 1 bathroom, this residence remains predominantly in its original condition, presenting an enticing entry point for first home buyers and investors. With bold color choices awaiting a fresh coat of paint, this space offers potential to enhance its aesthetic appeal and elevate its value. A single lock-up garage adjacent to the entry adds convenience to this renovation gem. The Financial Perspective: Stability and Potential Returns Currently, the property enjoys the stability of a long-term tenant who has resided here for two decades. With a lease extending until July 2024, investors can rely on consistent tenure and weekly returns, currently set at $370 per week due to the tenants long term commitment. There exists potential for increased yields, presenting a promising opportunity for investors, particularly for those wanting to renovate. Low body corporate fees enhance the financial appeal of this investment: Sinking fund: $287 per quarter Administration fund: $680 per quarter Discount: a 10% discount is applied to all payments made on time Discounted total rate: $870 per quarter ( $3,480 per annum) Prime Location: Connectivity and Convenience Situated at 40 Swan Street, residents benefit from direct pedestrian access to the scenic Kedron Brook Bikeway, perfect for leisurely strolls and cycling adventures leading all the way to Nudgee Beach. Easy access to the Northern Busway Kedron Brook Station simplifies commuting, while proximity to Stafford Road and Lutwyche Road, as well as tunnel access to the CBD and airport, ensures effortless travel. Just 8km from the Brisbane CBD and a short 3-minute drive to Lutwyche Centro shopping center, cafes, and specialty stores, convenience meets lifestyle at this sought-after address. Don't miss out on this exceptional opportunity to enter the Gordon Park market. Contact Tegan Zernike to explore the potential and make this entry level opportunity your own.
