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This fantastic investment opportunity "lot 9" which consists of two mirror image, back to back studio apartments. Unit 17 and unit 18 are located on the top floor of this small complex.
Unit 17 offers
1 bedroom
Combined living/lounge, kitchen and dining
Currently achieving $210/wk
Lease expiring in July 2021
Unit 18 offers
1 bedroom
Combined living/lounge, kitchen and dining
Currently achieving $200/wk
Lease expiring in July 2021
Both apartments have East facing balconies and have views of the complex community pool.
These apartments can achieve higher rental incomes between $200-$250/wk and have the potential to achieve higher returns with small renovations which would significantly improve the rental return.
Summing up -
+ $410/wk combined current rental return $21,320 (52 weeks)
Minus expenses
- Annual Rates $3,249.80 Approx
- Annual Body Corporate fees $4,188.00 (according to the BCDS)
- Annual Water Fees $1,958.28 Approx - Without charging the tenants water usage
$11,923.92/year earning Approx going off current bills.
Located in one of Brisbane's premiere suburbs, close to public transport and Oriel Road shops and park. This is a chance to secure a property in a high end area with multiple returns.
Call me today to discuss this further.
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