$390,000
3 Bed • 3 Bath • 0 Car
New
Sold
Sold
48/7 Brown Street, Labrador QLD 4215
$390,000
- 3Bed
- 3Bath
- 0 Car
Unit Sold on Tue 2 Apr, 2024
What's around Brown Street
Unit description
“Enjoy 10%+ Yields - Smart Investment, High Returns - Student Accommodation”
Strictly STUDENT ACCOMMODATION ONLY - Not available to owner occupiers or first home buyers.
Won't last long - this safe investment opportunity is achieving astounding returns and solid demand.
The unit comes with 3 bedrooms, each with an en suite and each bedroom/en suite is rented separately so you earn 3x the income.
This unit has multiple improvements made, including but not limited to: renovated flooring, brand-new air conditioner, new study desks and more.
Gross yield is Circa 11% with the potential to increase depending on the term of the lease for the occupants.
The building has an exclusive agreement in place with the nearby university. This ensures high occupancy, providing owners with security that their investment continues to generate income.
The complex has professional onsite management who handles the day-to-day management of the units and tenants for the owners.
Register your interest with the exclusive selling agent, Joshua Dean on 0447 777 148
***Inspections by appointment only***
Rental income: Currently achieving $800 p.w
Occupancy rate: 80 to 90% average.
Outlays:
• City council rates: approx. $42 p.w
• Water rates: approx: $46 p.w
• Body Corporate Fees: $94.63 p.w
• Special levy: $44.33 p.w
Strictly STUDENT ACCOMMODATION ONLY - Not available to owner occupiers or first home buyers.
Property features
Ensuites: 3
Gym
Pay TV
In-Ground Pool
Remote Garage
Secure Parking
Study
Toilets: 3
Other features
0What's around Brown Street
Contact the real estate agent
Joshua Dean
RAAS Group Real Estate
Send an enquiry
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