Investment Opportunity / Owner Pad

Offers Over $238k Invited

Apartment real estate, Deception Bay QLD

Enjoy spacious private living in this wonderful apartment building. This open plan living unit is perfect for a downsizer or a professional who requires a unit which includes:
* a modern kitchen with Caesar stone bench
* dishwasher
* clothes dryer
* air conditioned lounge
* ensuite bathroom with walk in shower for ease of access
* gas heated hot water reticulation to the building
* private balcony for your BBQ and relaxation
* NBN & Foxtel connection if required
* secure car park with caged storage.
* currently leased for $300.pw - great for starter unit for a budding property investor
* always a high rental demand for this type of unit. Nil vacancy rate in the last twelve years.
This quiet, gated complex also has a lap pool and an onsite manager who can also manage your unit.
Be part of a well established community in this fantastic location.

More Information

Property Overview

Category: Apartment
Details: 1 1 1
Price: Offers Over $238k Invited
Area: 50m2

Property Features

Balcony
Intercom
Air Conditioned

Investment Information

Gross Return: $ 15600
_{How much does the property return in rent per year.}

Net Return: $ 12500
_{How much does the property return after all management expenses are deducted.}

Yield: 6.64%
_{The percentage of the Asking Price that the property delivers in Gross Return each year.}

Guaranteed Return (PA): $ 12200
_{Some managers offer a guaranteed rental return. If applicable, this will be detailed above.}

Body Corporate Costs: $ 4500

Rates PA: $ 1200.00

Management Fee: 9.5%
_{How much is charged as a management fee.}

Cleaning Costs (PA): $ (not disclosed)
_{Some holiday properties have cleaning and linen costs to be considered. If so, the costs may be detailed above.}

Cable and Data costs (PA): $ (not disclosed)
_{Some holiday properties are required to have foxtel and internet in order to be let. If so, the costs may be detailed above.}