Offering 2 Fully Furnished studio apartments on 1 title delivering a massive $545 per week in rent!
These apartments have been recently refurbished and are situated in a prime position opposite Roma Street Parklands, a stones throw from CBD. Just perfect for a constant demand from tenants that need to be close to work or college at QUT Kelvin Grove but offering a quiet position, out of the hustle and bustle of the city.
Both studios have city views and restaurants and shops within walking distance. Roma Street train station(major city connecting station) is a quick stroll through the park.
The studios are on separate tenancies and there is a constant demand for the units leading to upward pressure on rents. Things can only get better for your investment.
The building leases out more than 40 carparks and this is used to reduce the body corporate contributions.
Median Rental prices in Spring Hill are 5.7% and capital growth has run at 5.9% in the last quarter to 31st March 2008 and 23.10% in the last 12 mths to 31st March 2008
These are offering 7.2% because of their location. These sort of returns are becoming a rare occurrence in Brisbane.
So if your looking for more bang for your buck than act quickly and make an offer today!
Body Corporate
Admin $467.50 per quarter
Sinking $233.75 per quarter
On Site Manger managing tenancies