20/13 Tonga Place, Parkwood QLD 4214

'University Square North' - An exciting property with returns of over 4% ROI after expenses with low body corporate...This 'student only' rental accommodation is excellent when it comes to a cash flow positive investment. A tightly held complex full of investors - many of whom have owned them for a long period of time.

The property itself is currently returning $430 per week and is individually rented through the on-site caretaker. Low body corporate and other standard expenses listed below ideally make this property worth considering for your next investment if you're after a good strong return on your property! Don't delay or you will miss out!

* Spacious two bedroom and one bathroom ground floor wheelchair friendly unit
* 'University Square North' - circa 2001 and consisting of 28 units in total
* Floor size approx. 80sqm internally and low body corporate approx. $41 per week
* Open plan living/dining area tiled throughout and carpeted bedrooms with fans
* Being sold fully furnished. Tenant paying $430 per week. Lease expiry February 2022
* Modern kitchen with large bench space, good size pantry and stainless steel appliances
* Council rates approx. $960.65 per 6 months
* Water approx. $369 per 3 months
* Body Corporate approx $41 per week
* Utilities outlay approx $90 per week
* Fact sheet with income and expenses available upon request
* Strictly student only accommodation, investment property only

Inspect by appointment only, contact Michael Elliss on 0402 858 174