Inspection by Appointment

Almost 7% gross yeild. Be QUICK! 2 Apartments for the price of 1! One rates, One body corp, One water bill, 2 income streams!

Achieve an almost 7% gross return from this investment property. Or live in the 1BR apartment and rent out the studio and have the best of both worlds.

This property is located in the Magnolia Greens North estate in the Hope Islands Resort, next to the Hope Island Golf Course. Very peaceful and quiet. Great security system throughout. Close to shopping center, M1.

These modern units located in the “The Grange” building come complete with the following features:

1 BEDROOM APARTMENT
– Fully furnished and ready for an investor to rent out immediately
– 1 large bedroom with study area
– 1 Bathroom
– Open plan living/ dining area
– Great kitchen with dishwasher and S/S appliances
– Intercom to front of the building
– Seperate electricty meter
– 1 car parking space underneath building with a golf buggy space
– Spacious undercover balcony with Golf Course and Water view
– Ducted Air Conditioning throughout
– Laundry including washing machine, dryer
– Small storage space
– Security alarm system in the unit
– Security door for the unit
– Currenlty Vacant. Ready for owner occupier or lease out
– Was leased prviously at $370 per week rent

STUDIO APARTMENT
– 1 stuido bedroom with walk in robe
– 1 laundry and bathroom together with bath and shower
– 1 car port space
– Kitchenette
– Split system Air con
– Intercom to front of the building
– Seperate electricty meter
Currently Leased with Smart Real Estate at $270 until 18th Feb 2019

COMPLEX INCLUDES
– Security gate for the main gate
– Complex has Pool and Tennis court

PROPERTY INFORMATION
Council Rates: Approx $1,405* p.a.
Council Water: Approx $936* p.a.
Body Corp Fees: Approx $200* per week for the 2 units ($100 each per week)
Total Rental income: $270 (studio) + $370 (1BR) per week = $640 per week total = $33,280 p.a. total income.
Gross ROI: PP $480,000 with total income of $640 pw = 6.93% gross yield

For further information or to arrange an inspection please contact Brad Scott or Ann Tintachat.

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

* denotes approximate measurements

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Brad Scott

Managing Director & Founder LREA B.Fin

(07) 5564 6070 | 0408 338 605

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