6/1848 Logan Road, Upper Mount Gravatt QLD 4122

Secure this fantastic yield-based investment with both hands, with over 10% Gross Return! Genesis Student Accommodation is conveniently located just a stone's throw from Griffith University's Nathan Campus and Westfield Garden City.

Due to the staggering of lease start and finish times this investment is unlikely to experience full vacancy, as when 1 tenant does leave usually there is still income from 2 other tenants making this not only a profitable but also a stable investment.

The complex features 57 units, plus a pool, games room and every facility that students could want. The building is approximately 16 years old and has recently been re-painted externally.

Inspections are available on request.

Features include:
• 3 separate student tenancies
• Minimal chance of full vacancy due to different lease times
• Pool onsite and games room
• 2.1km to Griffith Uni Nathan Campus
• Gross rental income: $29,900 per annum
• 3 beds, each with ensuite

Income:
• 6A - $190pw until 03/10/2022
• 6B - $200pw until 27/12/2022
• 6C - $215pw until 17/01/2023
• Total - $31,460pa
Outgoings:
• Body Corp - $5,300pa
• Council Rates - $1,502.85pa
• Urban Utilities (Water) - $1,378.05pa
• Services (Internet & Electricity) - $3,795pa
• Total - $11,975.90

Upper Mount Gravatt is approximately 10km from Brisbane's CBD and is fast becoming a major urban hub for the southern suburbs of Brisbane.

*All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.

https://www.reval.com.au/6-1848-logan-road-upper-mount-gravatt-qld-4122