34/116 Albert Street, Goodna QLD 4300

If you have been looking for the perfect opportunity to get into the housing market, potentially as an investor, then now could be the perfect opportunity. Now that the interests rates are so low, buying this property with a very high rental yield should make perfect sense.

This low maintenance unit consists upstairs of three surprisingly large bedrooms, the main featuring an en-suite whilst there is of course the family bathroom. Downstairs is the open planned kitchen, living and dining area as well as the single garage, separate laundry and 3rd toilet. There is a court yard style outdoor area which is perfect as plenty of space to relax but doesn't take much to look after either.

The property is well located close to shops, schools and other amenities. The complex is well maintained and the current property manager lives on site in another one of the townhouses.

The property is currently rented out to a very stable tenant who has a lease in place till January 2021, and has lived in the property for over 5 years. The property is an NRAS property, which runs till June 2024. The tenant currently pays $261 per week, however this is supplemented by a tax offset of just over $11,000 per year. This equates to a weekly rent of over $475 or over 10% yield!!

The Numbers!!

- Body Corp Approx $3360 per annum (Admin fund $2240 pa / Sinkng Fund $1120 pa)
- Council Rates - Approx $450 per quarter (Owner pays)
- Water - Approx $300 per quarter (Owner pays)
- Rent - $261 per week
- Tax Offset - Approx $11,000 per annum
- Electric, Phone, TV, NBN, Gas - Tenant pays
- Manangement Fees - allow +/- 8% depending on who property manager

Inspections are to be conducted on a private basis, but please call to make the arrangements or to ask any further questions.