Grab This Affordable Property That Is As Cheap As Chips!
Property ID: 19326115
Get your hands on this cheap property located in a complex of 71 units where 99% of the properties are owner-occupied. Located in a great area and recently tenanted, this neat, tidy unit is only a short distance away from cafe's, restaurants, schools, shopping centers, medical centers and the motorway.
South Brisbane Metro Area
Purchase Price $240K
Rent $310 per week (Estimated)
Gross Yield 6.64% (Estimated)
1 Garage Space
Walking distance to Bus stop, Schools, Childcare, Restaurants, Supermarkets and Convenience stores.
There are more than 10 childcare centers & 8 schools within a 5-minute drive; including Primary, High, Public & Private.
There are dozens of restaurants in the area and many franchised food outlets have invested here including - Pizza Hut, Eagle Boys, Pizza Capers, Red Rooster, Subway, KFC, McDonald's, Dominos and Nandos. There is even an RSL close by.
A number of coffee shops surround the estate including Coffee Club, Gloria Jeans & Michel's.
Many large businesses are established in the area including Amart Sports, Harvey Norman, Bunnings, Masters and a major shopping complex which is home to Big W, Target, Woolworths, Coles, Aldi, Cinemas and more than 150 specialty stores.
Other facilities nearby include a TAFE College, mini supermarkets, doctors, pharmacies, a number of banks and a police station around the corner.
This city is set to see an average of another 10,000 new residents each year for the next 20 years.
Vacancy rates are at less than 1.7% (2-3% vacancy rate is considered a balanced market) showing there is a shortage of housing. Statistics show there have been 500 too few homes built in the area each year to keep up with demand.
Being located halfway between 2 major centers, with large parcels of industrial land, the region is attracting the attention of businesses looking to avoid traffic congestion in the City while taking advantage of the easier access to the nearby major regional centers.
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.
For further details call Jamie Wilson on 0433 204 473