INVEST IN PURPOSE BUILT STUDENT ACCOMMODATION

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Apartment real estate, Labrador QLD

Purpose built student zoned accommodation on the Gold Coast. Complex is located near Griffith University and boasts an occupancy rate of 80-90% on average, majority demographic are Griffith University students on exchange from overseas. These properties are sold fully furnished and are strictly for investment as student accommodation they cannot be occupied by the owner.

~ Excellent rental returns of approximately $600-$650 per week, averaging $200-$220 per room after utilities (electricity, gas and internet)
* Council rates: $2985 per year approx.
* Water: Water rates $2500 per year approx.
* Insurance: nil
* All furniture required for students and upkeep required for student accommodation:
Dishwasher, washing machine, dryer, microwave,
fully equipped kitchen with cutlery.
beds and mattresses x 3 rooms,
study desk,
dining table and chairs,
lounge suite, tv, tv stand
*Normal maintenance and repairs

Underground car parking for students are leased to students at a separate price, (unit does not come with a car park on title).

Features include:
~ Three spacious fully furnished bedrooms
~ 3 ensuite bathrooms
~ Fully furnished unit with ceiling fans throughout and air-conditioning in living area
~ TV, dishwasher, oven, washing machine, microwave, fridge and more all included
~ Spacious kitchen fitted with pots, pans, cutlery, plates and cooking utensils

Onsite Facilities include:
- Huge 25 metre lap pool
- Undercover entertainment area
- Fully equipped gymnasium with free weights

Disclaimer: We have in preparing this information used our best endeavors to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

More Information

Property Overview

Category: Apartment
Details: 3 3 0
Price: Contact Agent
Area: 0m2

Property Features

Furnished
Gym
Air Conditioned

Investment Information

Gross Return: $ (not disclosed)
_{How much does the property return in rent per year.}

Net Return: $ (not disclosed)
_{How much does the property return after all management expenses are deducted.}

Yield: (not disclosed)
_{The percentage of the Asking Price that the property delivers in Gross Return each year.}

Guaranteed Return (PA): $ (not disclosed)
_{Some managers offer a guaranteed rental return. If applicable, this will be detailed above.}

Body Corporate Costs: $ 9483

Rates PA: $ 5485

Management Fee: 8 per cent%
_{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.}