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Lock and Leave Investment - 10.76% Gross YieldProperty ID 1395089Finding this property will herald the end of your investment search - this appropriately appointed and fully furnished studio apartment is conveniently located adjacent to the Shafston International College which has had over 60,000 students pass through it's doors since 1995.
Situated on the 5th Floor, this studio apartment would suit an astute investor seeking opportunity, or a young professional couple wishing to dip their feet in the lifestyle that inner Brisbane has to offer.
The flawless positioning of the iconic Shafston Mansion building integrates university students or young professionals with the extensive list of amenities both the building and the local area have to offer.
The Shafston Mansion building boasts an array of student friendly amenities such as a recreational lounge, on-site laundry, fully equipped indoor and outdoor gym, cafeteria as well as photocopying/printing facilities. Further to this, the UniLodge team are on-site 24 hours a day to attend to all related tasks and with secure swipe card access throughout the building - security is not an issue.
With the Brisbane traffic levels on the rise, this property is in a prime position with close proximity to both City Cat & City Hopper Ferry Services, bus services as well as a City Cycle station close by. Further to this, there are a range of local cafes, restaurants, supermarkets and bars nearby.
Currently, this apartment is maintaining a rental income figure of $300.00 per week gross plus all associated costs such as body corporate fees, council rates and water.
Important Financial Points:
- $300.00 per week gross rental income ($15,600 per year)
- Body Corporate Fees: $2,408.88 (Free Electricity & High Speed Internet Provided within this)
- Council Rates: $1,254.20
- Tenancy Departure Date: 19 April 2016
Important Property Points:
- 1 Bedroom, 1 Bathroom
- 21sqm Internal Floor Area
- Situated on the 5th Floor facing East
- Fully Furnished
- 24 Hour On-Site Management & Secure Access
- Electricity & High Speed Broadband (approx 16gb per week) provided by the Body Corporate
- Recreational Lounge, Fully Equipped Gym & Cafeteria
- City Cat, City Hopper, Bus & City Cycle Services all close by