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A great little investment property in tightly held student accommodation complex 'University Square'. Located on the top floor of a two storey walk-up this property is currently under lease until February 2022 earning $360 per week.
A great size property and consistently rented to students attending the university. Selling in this complex over the years I have seen great rental returns for owners and it is evident with few sales in this complex that owners are happy with their investments. A total of 24 units and a mix between two and three bedroom units in a collective pool gives protection to an owner if one room is empty it minimises the loss of rent significantly. For further information please ask the agent for financial returns and a fact sheet on this property. This property would make a great investment with strong returns and low outgoings.
Motivated seller has priced the property to SELL. Don't delay otherwise you will miss out. The last sale in this complex was approx. two years ago.
• Spacious two bedroom/ two bathroom top floor unit in 'University Square'
• Total of 24 units, 65 rooms. Built circa 2002, two storey walk-up building
• Currently rented at $360 per week until February 2022
• Open plan living/dining, fans in living and bedrooms, built in mirror sliders
• Well appointed kitchen - over hanging breakfast bar, s/steel app, large pantry
• On-site manager, security gated complex, affiliation with Griffith University
• Short walk to Griffith University, Gold Coast Hospital, Tram Station
• A stroll to gym, Southport Sharks club, shops, transport options and much more
• Rates approx. - $965 per 6 months (investor). Water - $335 per 3 months
• Low body corporate of approx $41 per week. (statement available to view)
For further information on this home or to arrange an inspection, please call Michael Elliss on 0402 858 174
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