1/61 Benson Street, Toowong QLD 4066

If you are looking for a low maintenance hassle free investment then this is the property for you. This air conditioned studio apartment is part of a popular motel complex right in the heart of Toowong and comes with an existing lease paying (CPI indexed) $13416.36 per annum. The motel is conveniently located only moments' walk from the Toowong shopping village providing access to boutique stores, restaurants and public transport. Quality investments do not stay on the market for long so call now to arrange an inspection. Please note this property is for investment only and is not suitable for an owner occupier.
Features include
- 1 generous bedroom with kitchenette
- 1 bathroom
- Motel provides onsite manager, BBQ area and guest parking
- Currently leased as of 1st March 2014 on a 5 year lease with a following 5 year option and a further 3 year option. Current rental income $1118.03 per month with a CPI rental increase every year in November.
- Total annual sinking and administration fund contributions $1600.00
- Council rates $1254.20 per annum
- Urban utilities $854.41 per annum