CHEAP AS CHIPS - $275/WEEK RENTAL RETURN
On offer today we have this one bedroom one bathroom unit situated only 3 kilometres as the crow flies from Brisbane City. The complex was constructed in 1980 and only has 7 units within the complex, meaning body corporate rates are very low at $416.36 for the quarter, including sinking fund contributions; Brisbane City Council rates are $350.80/quarter. The property is currently tenanted with a good rental return of $275/week with the 12 month lease ending on the 18th of September 2017.
The property is situated 1.7 kilometres from The Gabba, 1.3 kilometres to the Princess Alexandra Hospital, 1.7 kilometres to Buranda Shopping Centre, 1 kilometre to the Buranda train line, 1.3 kilometres to the Buranda Bus depot, 1.5 kilometres to Stones Corner Shopping Village and only a short walk to local cafes, restaurants and bars.
Woolloongabba as a suburb is located only 2 kilometres south-east of Brisbane City with a Median house price of $762,000. What draws people here is its proximity to all amenities, strong price growth and public transport network. Over the last 5 years the suburb has experienced 29.7% price growth and averages 5.1% growth each year (based over 10 years).
If you have any questions regarding the property or would like to organise an inspection, please don’t hesitate to get in touch.