Fantastic little investment unit for sale in the Oxford Crest over 50's Village in Bundamba.
Approx Outgoings $12870 Rent $5000 Body corp levies $2900 Council rates and water Income expected approx $3600 a year / 5% net
Long term tenant in place. Suit cash investor buyer. Beat the banks or SMSF.
Upstairs Unit with lift access. Long term tenant in place who has looked after the property extremely well.
The advantage of this type of investment is that like this tenant, most of these properties are rented to age pensioners who are assisted by government. Another bonus is that once a tenant moves in they often stay 5-10 years so you aren't paying relet fees to the agency, which reduce your returns.
The one bedroom unit has reverse cycle air conditioner / heater in the main living area which includes a kitchenette. Large separate bedroom and bathroom with own washing machine and laundry tub.
This is your opportunity to invest in property that produces an income without having to outlay hundreds of thousands of dollars.
Please call the agent Daniel Scanlan to discuss further 0499 227 551
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