Attention astute investors……Fantastic unit returning high returns of over 7% yield for this cheapie and located in an up and coming growth corridor of Parkwood!

‘University Square’ is a fantastic student accommodation complex consisting of 24 units rented out to students on a room by room lease generating a yield of approx. 7% after expenses. Great property to add to the portfolio or a superannuation fund as this one will pay for itself plus more

A short walk to the light rail station, which takes you on a 13km journey to Pacific Fair in Broadbeach, with stage 2 currently underway from Parkwood to Helensvale Train Station. Interstate seller reluctantly saying goodbye to this investment after 13 years but has priced this property to walk out the door!

* Spacious two bedrooms/two bathrooms – all ensuited bedrooms
* Fully furnished top floor unit of two storey walk up in block of 24 units
* Large kitchen – s/steel appliances, plenty of bench space & ample cupboards
* Currently returning $1612 per month rental returns. Lease exp 31.12.17
* Body corp approx. $42 per week. Complex approx. 12-14 yrs old
* Excellent investment property with high returns….Do NOT miss out!!
* Centrally located to largest university on the GC, within walking distance to shops, transport, parks and short drive to M1
* Council rates – $810.65 per 6 months. Water rates – $339 per 3 months (approx.)

For further information or to arrange an inspection, please call Michael Elliss on: 0402 858 174 or feel free to email me and I can send you all the relevant docs on this beaut investment!
***Financials can be supplied to genuine buyers