IDEAL INVESTMENT WITH 4.1% NET YIELD
Are you wanting a set-and-forget INVESTMENT with guaranteed rent, no management fees and no vacancies?
This property is actually two units on the same title. One is a Studio apartment, whilst the other is a one bedroom unit with its own balcony. Although separate units, they are covered under the one title and are leased to Essence Apartments as fully self-contained apartments with hotel facilities. Situated next to Prince Charles and St Vincent's Private Hospital, and close to Westfield Shopping Centre, this property will see good capital growth whilst achieving excellent income.
LEASE DETAILS:
Leased to UniLodge Australia (Essence Apartments Chermside)
Term: 1/9/24 - 31/8/2029
Option: 3 years
Rental Increases - CPI each year
Current Rent $3180 per month ($38,160 pa)
Outgoings approx $11,000 pa.
PROPERTY FEATURES:
(1) Studio Apartment
• 38 m2
• Fully furnished
• Timber flooring
• Ceiling fan and air conditioning
• Workspace
• Dishwasher, fridge, microwave, wall mounted TV
(2) One Bedroom Apartment
• 44 m2
• Separate bedroom
• Fully furnished
• Timber flooring
• South facing Balcony
• Large, double shower
• Ceiling fan and air conditioning
• Workspace
• Dishwasher, fridge, microwave, wall mounted TV
On-site management handles all cleaning and minor maintenance, providing effortless ownership
• Secure undercover car parking
• Guest laundry
• Guest lounge
• Communal outdoor BBQ, garden and terrace.
Don't miss this chance to secure a high-yield, low-maintenance investment in one of Brisbane's most in-demand suburbs.
Ascot
