LITERALLY THE BEST YEILD IN THE 4000 POST CODE.
- 1 Bed
- 1 Bath
Located in the ever so popular building Uni Lodge which if you are an investor you simply will not find better returns anywhere.
The apartment is leased on a long term agreement until 29/06/2017 returning $378.00 per week which the complex he building boasts high occupancy and very low outgoings which ultimately means a very healthy yield per annum.
Primarily University students will occupy these apartments however tourists, office workers or anyone looking to live in the CBD can lease these apartments which due to the fact the apartments are the cheapest you can lease in the CBD the occupancy is always very high.
With 1 million dollars in the sinking fund, high occupancy, huge yield the apartment certainly ticks a number of boxes.
The complex is completely strata titled which means you are able to live in the unit as well.
Working out Net Yield
Gross amount of Income: $19,656.00 per annum
- Body Corporate fee's
- Brisbane City Council Rates
- Management Fee
Net amount of Income: $13,431.00 per annum DIVIDE $165,000 = 8.2% Net Which is Cash Flow Positive
If you would like to receive further information please do not hesitate to call or email.
Do you want to find out more about this suburb? Enter your details to receive a free comprehensive suburb report.