703/104 Margaret Street, Brisbane City QLD 4000

Phone enquiry code for this property: 9137

23sq m is the LARGEST unit (plan C) at 104 Margaret St.

Furniture included: double bed, built in wardrobe, study desk and chair, table and 2 chairs, pans, kettle, microwave, glasses, TV, Ceiling Fan and internet connection point. (internet data not incl). Ceiling Fan.

Unit 703 has recently received a full refurbishment, eg new toilet and shower.

Be in class after a 5-minute walk through the Botanical Gardens! This is modern and safe student accommodation in Brisbane CBD.

Walk to Queensland University of Technology (QUT) Gardens Point campus and the Kelvin Grove free shuttle bus. Close to Brisbane's TAFE and English Language Colleges.

23sqm of space right in the heart of the CBD and right next to QUT. This premium corner, fully furnished, apartment is within walking distance to QUT, Griffith and a selection of Brisbane CBD University campuses, Woolworths, Coles, cafes, shops, parks, plus bus access to the University of Queensland and Griffith Mt. Gravatt and Nathan Campuses.

Equipped with an abundance of communal spaces to enjoy, the complex covers all bases:

• Business Centre
• Outdoor pool with spa jets
• BBQ area
• Student lounge and Foxtel TV
• Dining/group study area
• Large modern communal kitchen with pots, gas ovens, cooktops and dishwashers
• Free ironing and Laundry (coin-operated)
• Licensed cafe/restaurant
• Convenience store.

The on site, friendly staff help students feel at home. You will feel secure, with the nightly security patrols and personalised proximity cards, which are required for building access.
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The apartment at Uni Lodge has over 1 Million Dollars in the sinking fund, low body corporates of $766/quarter and rates of $303/quarter. The apartment will offer (Net, eg after all expenses, including rates, water, electricity, advertising) yields around 7%. You have the option to live in the apartment, self-manage, or lease the apartment through onsite managers. Potential rental income: $346.00 per week.

Brisbane CBD's best value university accommodation.

Perched high on the 7th floor, this 'UniLodge on Margaret' unit provides its occupant with plenty of natural sunlight, breezes direct from the Brisbane River, and pleasant furnishings creating a fantastic learning environment.

This property makes for smart investing with an immediate strong cash flow; UniLodge on Margaret onsite management makes finding future tenants easy with a 7-day onsite management team.

It is currently rented from 14/01/2019 with a 12month tenancy to a meticulous tenant at $340 per week. Tenants do not have to be students.
It is not airconditioned but it can be installed. The building's facade material is concrete. 23sq m is the LARGEST unit (plan C) at 104 Margaret St.

Financials for the 2017FY.

Rent: $17680 per year (@ $340/wk).
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Rates: $1164 per year
Water $988 per year
Body corp: $3110 per year
Electricity is included in the Body Corp
Management: Self managed
Advertising: $175

This represents a 7% return (on the sale price of $175000).
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In addition there is a comprehensive Depreciation Report created in March 2018.


Phone enquiry code for this property: 9137


Phone enquiry code for this property: 9137