(SOLD)

HIGH CASHFLOW INVESTMENT IN POPULAR UNI STUDENT ACCOMMODATION COMPLEX

14/13-17 Tonga Place PARKWOOD QLD 4214

You can walk to University, the new GC Hospital, the new Health Precinct and the new GC light rail network. Uni Square is a 'quiet and socially responsible' purpose built student facility. Literally across the road from Griffith University and Gold Coast Hospital Precinct, "University Square" is a highly-sought after address for students attending the university, especially for those without a car. Located in a shop-lined precinct there is plenty of parking plus food, cafes and amenities right at their door. Tightly held this 'no-brainer' investment, low maintenance and well taken cared off with the onsite management. Returning an attractive yield, this affordable property is ideal for the investment or SMSF portfolio. As income is pooled and split according to lot ownership, the risk of vacancies is minimised.

HIGHLIGHTS
- 3 Bedrooms + 3 Ensuites (all rooms rented individually)
- Fans and built-in robes in all bedrooms
- Generous kitchen with stainless steel appliances
- Open plan living and dining
- 1 Car Parking space (un-allocated)
- Plenty of street parking
- Built approx 2002 the 2-storey complex sits inside a gated and secure complex. There are 24 lots with a total of 65 rooms
- On site management with a direct relationship with Griffith University
- Walk to Southport Sharks, cafes and Tram Station

FINANCIALS
- 3 tenants are paying in total of $675 per week rent. Total payment to the owner for 2022 financial year $21048.00.
- Body Corp approx $3375 per annum
- Rates approx $1927 per annum
- Water Rates approx $1877 per annum

Contact Kishor Tiwari today for more information or to arrange an inspection.

DISCLAIMER
We have used our best endeavours to make sure the above information is true and accurate. However, buyers should not rely on this information and are encouraged to make their own enquiries to verify all information. Our agents and agency accept no liability for any errors or omissions. Buyers are encouraged to seek independent legal advice with respect to the property and entering into a contract of sale.
Read more

Property details

  • 3
  • 3
  • UNDER CONTRACT
  • -- m2

features

floor plan

video

HIGH CASHFLOW INVESTMENT IN POPULAR UNI STUDENT ACCOMMODATION COMPLEX