High on returns and low on stress due to constant demand and excellent on-site management makes for a set and forget cash-flow positive investment.
This is high end student accommodation catering for serious students and offering a home away from home environment which has been designed with students needs in mind. Location wise it is perfect being only minutes from Griffith University and the newly extended Westfield Garden City Shopping Centre. There is a main bus exchange at Westfield Garden City Shopping Centre and the complex is on 3 bus routes, which is very convenient for the students in the complex.
The unit has three bedrooms each with an ensuite and study nook. It is fully furnished including white goods, microwave, dishwasher and kitchen utensils. The excellent on-site management team ensure the complex is very secure at all time and the resort style pool and BBQ area, a gymnasium and library/games room provide for leisure time.
Outstanding Features Include :
All 3 bedrooms have built-in robes, a study nook and an ensuite bathroom
Open plan living, dining and kitchen on lower level
. Secure undercover car park
Air conditioned throughout
2 private courtyards
Large shared swimming pool and bbq area
Unit located on second floor
Very secure with electronic swipe gates and intercom
. $665.00 per week rental
97% occupancy rate over the past 3 years
At least 6% net profit per annum
$4,600 per annum for body corporate fees
About $300 per quarter for Council rates
Around $1,000 per annum for water usage
$22 per week per room for electricity and internet
(3878491)