7-11 Brown St Labrador QLD 4215

$235,000

"Cash Cow"

DO YOU WANT A CASH POSITIVE INVESTMENT GROSSING OVER 10%?

Specifically designed student accommodation for Griffith University, gives a very good return and a positive cash flow.

Each unit is fully furnished with comfortable lounge suites, TV,DVD player, dishwasher, oven, microwave,fridge,toaster and kettle plus pots, pans cutlery and crockery. Within each unit there are three bedrooms, and within each unit there is a shower and a toilet plus a desk.

There is a common area consisting of a kitchen/lounge/dining and laundry. Most items have recently been replaced so

The complex itself is close to the university and provides a 25 metre pool, gym, barbeque area, entertainment area and is adjacent to Aldi Supermarket and a local shopping centre.

There is video surveillance and a security system and the place is well managed by onsite managers who also run a bus service to and from the university.

Students rent the rooms for 26 weeks, 48 weeks or a full year. This unit is currently occupied by 3 students on 48 week leases, grossing $615 per week.(approx $29520 per annum). Even after you take out the Management costs, body corporate fees and rates you still end up with more than 7.5% net and there is still depreciation to claim as well.

Why put your money in the bank! If it is cashflow you need then this is amazing.

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