Investors take note!! 7.5% ROI - Cash Positive Investment / Fabulous Superannuation Purchase

1/20 Tourangeau Crescent, Varsity Lakes, 4227

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599,000 AUDEst. Mortgage: AUD 4,209/monthFor Sale
  • Ownership Type Apartment
  • Property Area 0 sqft
  • Bedrooms 3
  • Bathrooms 3
  • Furnished No
  • Last Updated 8th Apr, 2021

Amenities

Feature that provides comfort, convenience, or pleasure
  • Balcony
  • Garage: 2
  • Air Conditioning
  • Built-in Wardrobes
  • Dishwasher

Property Overview

Inspection available on Saturday morning and Wednesday morning - please contact agent for times

A rarely available investment that has always enjoyed fantastic rental returns. But now they must let go of this blue chip investment !

On 3 leases returning $875.00 per week with increase in rent still achievable. All 3 leases are on the ONE title, this 3 level, modern well maintained townhouse, is an innovative design perfectly set up as rooming accommodation to maximise returns. The current owner has always enjoyed great returns and its time to sell. Enjoying so close to 100% occupancy since it was built in 2005, this investment has the convenience each lease coming up for renewal or vacancy at different times, this makes for a stress free investment!

• Each level has its own tenant and own self-contained living private living space.
• Huge demand for this kind of product- each tenant pays $310.00, $325.00& $240.00 per week ($875.00 total)
• 3 Levels, 3 Bedrooms, 3 full Bathrooms.
• Air- Conditioned with Fans
• Auto garage plus undercover carport, in a small block of 4 units.
•Reasonable B/corporate - $69.00 per week inclusive of all insurances
•Gccc rates approx. $868.05 per half year

This unit is the "best" in the block of 4 - Being on the end, and the only one with wide views, breezes and the bonus of a fully fenced (low maintenance) yard on title! This investment is right in the heart of what has always been the highest demand part of Varsity Lakes: Market Square, Only 5 minutes walk to Varsity College, 7 minutes to Bond University and only 5 minutes' drive to Robina Town Centre. Bus stop only 20m meters away. Such a high growth area with more and more demand for accommodation each year here!

Note: The leases are not student accommodation - All tenants are working individuals or couples who can walk to work and enjoy the convenience of this high demand residence-Varsity Penthouses.
Investors don't miss out, call agent Tracy D'Anna 0402 997 450 now to inspect and discuss - you won't find a better investment than this!

Location on Google Map

1/20 Tourangeau Crescent, Varsity Lakes, 4227

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