Dual Income With More Than 7.5% Return
Property ID: 15810185
Purchase Price $455K
Estimated Rent $675 per week
Estimated Gross Yield 7.7%
To Be Constructed
Fantastic returns in one of the best capital growth locations in Australia. This property will provide positive cash flow from the day your tenants move in and provide an opportunity for long term growth.
The main unit has 3 bedrooms, 2 bathrooms, a single lock up garage and separate laundry. The main bedroom has an en suite and there is a covered outdoor entertaining area.
The second unit has 2 bedrooms, 1 bathroom, separate laundry and a single lock up garage.
Both units come with air conditioning, dishwasher, built in robes and a small low maintenance yard.
This investment is full turn key so there is nothing for you to do on completion and your tenants can move strait in.
As this is an off the plan purchase will save money by paying stamp duty on just the land.
This location is set to see an average of another 10,000 new residents each year for the next 20 years. It has been tipped by a number of property experts to see strong capital growth over the next few years.
Vacancy rates are at just 1.6% (2 - 3% vacancy rate is considered a balanced market) and there is more than $2 Billion worth of infrastructure investment either approved or under construction in the location.
Being located half way between 2 Major Centres, with large parcels of industrial land, the region is attracting the attention of businesses looking to avoid traffic congestion in City while taking advantage of the and easier access to the nearby major regional centres;
The region has a strong history of long-term capital growth. It has a strong, diverse and growing economy with the major employers being manufacturing & retail, Business & community services, Construction & Agriculture;
The property is close to many existing facilities;
Primary School 1km;
High school 1.3km;
5 childcare centres within 1.5km;
Shopping Centre with around 28 stores including another Coles - 1.4km;
Woolworths (Under construction) - 3.2km;
Hospital - 3.4km;
Industrial Estate - 3.5km + others within a 10 minute drive;
TAFE - 4km
University Campus- 4.8km;
Motorway with access to Brisbane, Ipswich, Toowoomba and Gold Coast - 4km;
Shopping Centre with about 220 stores including Myer, Kmart, Coles, Woolworths, Bi-Lo, Aldi & Event Cinemas - 9.6km;
Call Matthew Barnes on 0430 979 900 for further details.