Long term tenant in place. Tenant looks after the property really well for the past 11 years. Current rental is $360 a week.
Market rental value is about $385 a week. Within the past 11 years, landlord hasn’t increased much rent at all due to good tenants in place.
There are two pools in the complex which always have room for a cool dip or to entertain poolside outdoors with a quick barbecue.
New predestine gate on the end of complex takes residents to Harbour Town shopping outlets. It takes 12 mins walking distance along Compass drive.
Location:
– Only 3 mins drive from Harbour Town Shopping centre
– Close to M1
– 10 mins drive to Runaway bay shopping centre
– 10 mins drive to Helensvale train station and Westfield shopping centre
– Close to Coombabah state high, Biggera Water state school & AB Paterson College
Features include:
– 3 Generous sized bedrooms with build in robe & fans.
– Main bedroom with brand new Ensuite bathroom
– Open plan living, dining & kitchen
– Separate laundry with guest toilet.
– Single lock up garage with internal access.
– Unique great yard with plenty of space leading off living area
– Secure resort style gated estate with two pools, tennis court, 11 cameras and BBQ area.
– Individual water meter in place for each unit
Cost:
Body Corporate Levy is around $3000.00 a year, which is $58 a week
Council rate is $1700.00 a year plus water service rate is $950 a year.
Net profit after deduct all the cost is about 5% return.
Don’t miss this 5 Star opportunity and take 5 to inspect as this will not last long!