Only a short stroll to the University of Queensland guarantees a constant source of tenants that will underpin this investment for many years to come.
Offered in one lot are 3 × 3 Bedroom, 2 Bathroom Strata Titled Townhouses each with large secure grassed courtyards offering exceptional passing income along with blue chip future development potential in the always sought-after St Lucia.
Less than a 300m walk finds you at the gates to the University of Queensland one of Australia premiere Universities with current enrolment in excess of 50,000 students.
The property is well maintained, fully tenanted and hardly every vacant!
Currently returning a total of $93,600 per annum. ($600/wk/townhouse)
This complex is strata titled giving you flexibility but owning the entire complex you don’t have the hassle and expense of a Body Corporate.
As the construction of townhouses has diminished in favour apartment building’s they are becoming harder and harder to find which further enhances your value for both future rental prices and your capital growth.
The owners of this property are committed to a sale and we encourage you to submit your interest without hesitation.
It could be years before an opportunity like this one becomes available again so don’t hesitate.
Individual Townhouse Features
• Three Bedrooms all with built ins
• Balconies of Main Bedrooms
• Ensuite to Main Bedrooms
• Separate Downstairs toilets
• Large grassed courtyards
• Single Lock up garages
• Strata Titled
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|R&H Suburb Summary||Houses|
|Number of sales||60|
|Median Rental Price||$795 p.w.|
|Change in Rental Rate (5yr)||38 %|
|R&H Suburb Summary||Units|
|Number of sales||168|
|Median Rental Price||$538 p.w.|
|Change in Rental Rate (5yr)||28 %|