Sutton Gardens has proved to be a popular choice for investors and owner-occupiers alike. Located off Sutton Street via Longman Terrace, this peaceful 1 bedroom unit is in an ideal location for a set-and-forget investment.

Features Include

1 large bedroom with built-ins
1 large ensuite
1 large living/dining room
1 private, secured balcony – North facing
1 personal carport
Washing machine
Double-brick construction
Non-flooded
Close to public transport
15 minutes to the city
15-20 minutes to University of Queensland

Summary

Total Size: 52 square metres

Body Corporate: c. $640/quarter
(NB. A 20% discount is on offer if paid in advance)

Council Rates: c. $284/quarter

Currently tenanted: $285/week

Non-flooded

Close to nearby Chelmer train-station, 15 minutes will see you into the bustling Brisbane CBD. One stop away will lead you to Indooroopilly, home of Indooroopilly Shopping Centre, which has undergone massive renovations and now caters to an increasingly diverse market mix.

Proximity to the University of Queensland ensures a healthy tenant pool year round, with low vacancy periods common within the area. The complex itself has a healthy mix of owner-occupiers and tenants as it supports a lifestyle attractive to both.

Local shops and cafes are a short stroll down Laurel Avenue, voted one of Brisbane’s best streets, and almost a fifth of the suburb is covered in parks and ovals.

Low body corporate fees with an available 20% discount if paid in advance, alongside the low council rates make this an ideal property for an investor.

Double brick construction and being a non-flooded property has seen this property provide exceptional value for money in today’s market, with minimal upkeep and maintenance.

The current tenant is under a fixed term lease until July 2014, with Nanette Lilley Property Centre which means secured, hassle-free income every week.

There is possibility of increased rental yields with an addition of airconditioning, as the unit currently has ceiling fans only. The kitchen is relatively modern, so no work needs to be done here; just pick up the keys and let the money roll in.

Property Code: 1759