12/191-199 Warwick Road, Churchill QLD 4305

HIGH RETURN INVESTMENT

* STUDENT RENTAL ACCOM ONLY - NO OWNER OCC *

If you're looking for a high return investment that you can simply set and forget, then get a load of this unit in the very popular student accommodation campus known as UniLink Village. This property is within walking distance to University of Southern Queensland (UniSQ) and the complex is suitable for all students, including school, TAFE and online studies (must have a student number).

This 5 bedroom option includes one ensuited bedroom, a huge shared bathroom and a decent sized living and dining area that comes off the kitchen. Painting, carpet and appliances have recently been done, so the unit is in excellent condition. Included in the sale is a full furniture fit-out that stays with the property, allowing the tenants to move into a fully furnished room and house.

The current rental return is $775 p/wk, amounting to $40,300 p/a - after expenses, you'd expect an 11.22% return. The current tenants are hoping to stay on long term while studying and thanks to the excellent on-site management, there is an extremely low vacancy rate and in most cases there is a wait list for future tenants.

Property Highlights:

- 5 bedrooms, 2 bathrooms, plenty of on-site parking for cars
- Access to in-ground swimming pool & club house
- On-site office and management
- Walking distance to UniSQ
- Close to Ipswich CBD, schools and shops
- Near-by bus stops for easy transportation
- Near new carpet, paint and appliances
- $775 p/wk / $40,300 p/a
- ICC Rates: $2,476 p/a
- QUU Water: $1,440 p/a
- Body Corporate (incl insurance): $6,700 p/a
- Electricity: $2,000 (capped)
- Approx rental management costs: $3,000 p/a
- Complete furniture package included
- Student accommodation only - no owner occupiers

NOTE: This property does sit in a flood area and was affected in 2011 and 2022. Flood insurance is part of the body corporate fees.