461 & 462/67 Cascade Street, Raceview, QLD, 4305, Australia

Excellent Returns, Perfect for SMSF or positive cashflow investors!

We are proud to offer these cashflow positive units for sale. There is a total of 4 units for sale that must be bought in pairs. So you can purchase 2 units for $139,000+ ($69,500 each) or, you can purchase 4 units for $275,000+ ($68,750 each).

Investment details (annual figures)
+$39,520 rental income (increases due at lease renewal)
-$12,220 body corporate fees
-$6,080 rates and water
+$21,220 net income per year
This represents a 14% Gross Return or 7.5% Net Return (plus capital growth).

All units are currently tenanted with rental increases due at lease renewal. The entire complex attract long term tenants and has a very high occupancy rate (there is almost no vacancy due to the high demand).

Over 55's living at it's best in Oxford Crest! With four studio style homes ready for sale. A great opportunity to increase your rental portfolio; or you can live in one and rent the other units out for extra income.

Each studio apartment features
* Air-conditioning
* Security screens
* Kitchenette
* Open planned bed/living/dining
* Bathroom with disability access
* Partially furnished

Oxford Crest Whitehill Gardens is a gated community in Raceview with lush, established gardens that make a daily stroll around the grounds something to look forward to. A swimming pool provides the perfect place to exercise or just relax. Two large indoor games/function areas and a large resident's clubhouse are a feature. Don't feel like cooking? Take advantage of our optional meal service, home-style meals which includes a two-course lunch every day.

Oxford Crest Whitehill Gardens is centrally located to shopping centres, with a bus stop connecting to rail directly outside. Oxford Crest Whitehill Gardens is just 50 metres from the Raceview Tavern, while the Brother's Leagues Club is just minutes' drive away. Both venues are favourites with locals and popular entertainment spots.

These studio units are a fantastic investment opportunity with an onsite manager or just a great place to call home.

Contact us for more information or to make time to view these lovely property.