This student accommodation complex has near full occupancy making a fantastic passive income investment. Even at 100% finance this is a positively geared investment. With 98% full occupancy, all you have to do is sit back and collect, nothing to do but watch the money roll in. This is the original display unit and comes completely furnished right down to the cutlery.

Income
* Room A $225 per week on 6 month lease
* Room B $200 per week on 6 month lease
* Room C $225 per week on 6 month lease

Outgoings
* 8.8% onsite management fee
* $22 per room per week for internet and phone
* $4418 per year body corporate (including admin fund, sinking fund and insurance)
* $1140 per year rates
* $1400 per year water

This complex is targeting student accommodation specifically, with near to full occupancy with all leases being 6 monthly avoiding holiday lag period. Minutes from Griffith Uni and Garden City Westfield, there is plenty of rental demand here. All major expenses have been done in the past to this building, meaning there are no surprises.

All Offers Welcome

Fantastic Investment
Great Return
Consistent Rent
Low turnover
High Occupancy
Completely Managed