6/206 Queen Street, Southport QLD 4215

TOWNHOUSE IN QUIET COMPLEX directly opposite the Light Rail and Southport State School

A fantastic opportunity for the astute Investor to secure a high yielding investment property in the up and coming Southport area.

PRIME location on Queen Street in a high capital growth area, close to the Southport CBD and directly opposite Southport State School with the new Light Rail right on your doorstep!

High yielding investment property with Gross Income of $20,280 per annum or $390 per week which represents a 6.0% return. Long term tenants in place (8 years) with secure lease till November 2016. LOW Body Corporate Fees only $33 per week!

This 3 bedroom 2-bathroom double storey townhouse is well positioned at the rear of a quiet boutique complex with only 10 units. Three good size bedrooms upstairs including a king size master bedroom which has an adjacent en suite bathroom. The second bathroom upstairs separates the master bedroom from the two other bedrooms which both overlook the rear leafy courtyard area.

Downstairs features open plan living which extends out to the rear fully fenced courtyard area. Single lock up garage with tandem parking directly in front of the garage. The garage has a built in laundry and offers direct internal access to the property. This property was freshly repainted internally throughout only 1 year ago.

Seller has relocated overseas with instructions that this property must be sold! Inspections by appointment only, please contact Peter Jarmer on 0423 009 843 for further information.

Features include: -

~ 3 Bedrooms 2 bathrooms
~ King size master with en-suite
~ Single lock up garage with laundry
~ Powder room and laundry downstairs
~ Private courtyard area at the rear

Income and outgoings: -

~ Rental Income $20,280 per annum
~ Body Corporate Fees $870 for 6 months
~ Council Rates $785 for 6 months
~ Water Rates $388 for 3 months