507/14 Carol Avenue,
Springwood 4127, Queensland

This one-bedroom Studio Apartment has one bathroom (ensuited) and a secure, allocated, undercover carpark and is located in Springwood's locally-owned and operated Gloria Hotel. It offers an amazing opportunity for down-sizers (ultra-low maintenance is guaranteed!) or those looking to invest in the property market (with low vacancy rates and a great approx. rental return of approx 7.3% pa gross*).

With a great rental return of $400 per week, the current tenant's lease is till the end of January 2023, giving you time to ponder your options in terms of relocating or continuing on the lease with this fantastic tenant.

Fully air conditioned for year-round comfort, it boasts a cosy, spacious bedroom with a built-in and enough room for a second TV (weekend movie/series bingeing is completely acceptable here!) There is also a light-filled open plan lounge/dining area that is carpeted for comfort, and a fully-equipped kitchen with lots of storage and bench space that's ideal for prepping delicious meals that can be enjoyed solo or with company on the private balcony (park views of Carol Park and Springwood suburbia are included).

The bathroom/laundry is compact yet functional with a bath/shower combo (take your pick of bathing options) and a washer and clothes dryer. We also love the addition of the hand-held vac - cleaning both clothes and floors will be a breeze!

There is also the added bonus of the hotel's facilities, including a gym, a communal BBQ/entertaining area (meet your neighbours), and a sparkling lap pool for cooling off on hot summer days. Don't feel like cooking? The American Bourbon Bar & Grill set inside the hotel serves up a delicious menu of burgers, steaks, wings and Cajun and Hawaiian cuisine from 5.30pm, Tuesday to Saturday.

Location-wise, it is close to schools (John Paul College and Springwood Central State Primary), parks (Tallowood Park with a lovely picnic area), shopping (IKEA and Springwood Shopping Plaza), and Logan Hospital, TAFE and University. The CBD is also only a 25-minute drive away.

PROPERTY FEATURES:
+ Ideal for down-sizers or those looking to invest in the property market ($400 pw rental income with low vacancy rates and a great approx. rental return of 7.3% pa gross*)
+ One-bedroom Studio Apartment with one bathroom (ensuited) and a secure undercover carpark, located in Springwood's Gloria Hotel
+ Fully air conditioned
+ Spacious bedroom with built-ins
+ Open plan lounge/dining area
+ Fully-equipped kitchen with lots of storage and bench space
+ Fully furnished (please ask for a list of the inclusions)
+ Private balcony with park and urban Springwood views
+ Bathroom/laundry with a bath/shower combo, washer and clothes dryer
+ Hotel facilities including a gym, a communal BBQ/entertaining area and lap pool
+ Restaurant set within the complex - American Bourbon Bar & Grill
+ Close to schools, parks, shopping, Logan Hospital, TAFE and University and a 25-minute drive from the CBD

This well maintained apartment currently has a fixed -term tenant and the rental income is $400 per week till 21 Jan 2023. Homeowners can also purchase as well moving in by end of Jan 2023. It is your great chance now, look no further, call Johnson Teo on 0422 804 811 for your private inspection and for him to help you buy this property… Hurry!

PS: When you come for the inspection, please park your car in one of the many designated visitor car lots in front of the hotel apartment and I will be waiting for you at the front reception entrance to show you up to your gorgeous studio apartment.

* Gross Approx Rental Return of 7.3% per annum is based on a purchase price of $285,000.

Disclaimer: All information contained herewith, including but not limited to the general property description, price and the address, is provided to Ray White Springwood by third parties. We have obtained this information from sources we believe to be reliable; however, we cannot guarantee its accuracy. The information contained herewith should not be relied upon and you should make your own enquiries and seek advice in respect of this property or any property on this website.