Located right in the very middle of everything – this property presents a strong investment opportunity to the astute investor. To many the concept and opportunity of co – living may be new and not well understood. This is where a residential property is leased to multi tenants each paying a significant rental for their facilities which include their own private bedroom with their own private ensuite, shared living areas. This produces a much higher income than a normal residential property – and this is filling a huge gap that has arisen in our rental market since co-vid where we have hundreds of good quality tenants now unable to pay the high rents for single dwellings and apartments and units in our SEQld area.
We have specialised and very high experienced managers for this type of leasing arrangement. Please ask for more details if you have interest in this type of high yield investment. We have them in all locations – but Park Ridge is a suburb with very high growth potential and very high rental demand!

Property details: CO-LIVING HOME
Lot 24 Birchwood Road, Park Ridge
Land details: size: 392m2 Price: $TBC
Co-living – Total of 4 beds, 3 baths, 2 cars
Size: 200.85m2 Build Price: $TBC

Rental estimate: hi yield – 3 tenants – 3 leases – $700 to $850 per week

Inclusions: summary only
Split system air cons and fans to ALL bedrooms and living area
3 bedrooms with WIR and individual private ensuites to all bedrooms
LED lighting throughout
Window furnishings included
Solar System: 6.6kw, 18 x Jinko JKM370 panel, Solis IP-5K-4G inverter
And much more – refer to the brochure or request full marketing brochure

Fixed Price Build Price – Full Turn Key – Tenant ready
Total Package price: $574,990

To Purchase:
Two contract purchase – Land plus HIA Building contract
EOI to hold plus $1000 deposit refundable – so no risk
21 days for finance approval – land settlement 14 days after finance approval or from registration of title
5% deposit paid on unconditional for Building Contract – progressive drawdowns on construction loan
Full details provided to broker/lender

This property is subject to availability at time of enquiry

Also note that the land may not yet be registered – this is the situation in SEQld with the very high volume of land sales over the past 6 months

FOR SALE: $574,990
Kaye Tilley 0418 823 046