4/7 Bowden Street, Nerang QLD 4211

Offering outstanding value and perfectly positioned within just minutes of the M1 and the Nerang Train Station, is this 4 bedroom, 2 bathroom townhouse in the gated Riverbend Apartments.
Home owners will appreciate the sparkling in ground pool and adjoining common entertaining BBQ area in this low maintenance secure complex.

Features include:
• All 4 bedrooms with built-in wardrobes and ceiling fans
• Split system air-conditioning
• Granite benchtops
• Separate laundry
• Single car lock-up garage and additional car port
• Storage space
• Courtyard area
• Small gated complex of 22 townhouses

This property needs new carpets throughout and a fresh paint. Quotes for a larger 4 bedroom house has been $5,000 for flooring + $3,400 for painting. The sellers have taken this into account and have already adjusted the sale range accordingly.

Investors:
Offering exceptional value for investors also, currently rented for $395 per week and the option of on-site management. With new carpets and a fresh paint, others in the complex have been leased for $430 per week.

Rental information:
• Occupancy rate: 100%
• Rent Return: $395 per week ($430 per week once renovated)
• Water Rates: $1,836 pa
• Council Rates: $1,545 pa
• Body Corporate: $70.59 per week
• Leased @ $395 per week until 28/4/2016