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Sold
Apartment
SOLD on Sep 2022
$270,000
6/1848 Logan Road, Upper Mount Gravatt, QLD, 4122, Australia
3
3
1
145 m²
About this Property
Secure this fantastic yield-based investment with both hands, with over 10% Gross Return! Genesis Student Accommodation is conveniently located just a stone's throw from Griffith University's Nathan Campus and Westfield Garden City.
Due to the staggering of lease start and finish times this investment is unlikely to experience full vacancy, as when 1 tenant does leave usually there is still income from 2 other tenants making this not only a profitable but also a stable investment.
The complex features 57 units, plus a pool, games room and every facility that students could want. The building is approximately 16 years old and has recently been re-painted externally.
Inspections are available on request.
Features include:
• 3 separate student tenancies
• Minimal chance of full vacancy due to different lease times
• Pool onsite and games room
• 2.1km to Griffith Uni Nathan Campus
• Gross rental income: $29,900 per annum
• 3 beds, each with ensuite
Income:
• 6A - $190pw until 03/10/2022
• 6B - $200pw until 27/12/2022
• 6C - $215pw until 17/01/2023
• Total - $31,460pa
Outgoings:
• Body Corp - $5,300pa
• Council Rates - $1,502.85pa
• Urban Utilities (Water) - $1,378.05pa
• Services (Internet & Electricity) - $3,795pa
• Total - $11,975.90
Upper Mount Gravatt is approximately 10km from Brisbane's CBD and is fast becoming a major urban hub for the southern suburbs of Brisbane.
*All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.
https://www.reval.com.au/6-1848-logan-road-upper-mount-gravatt-qld-4122
Due to the staggering of lease start and finish times this investment is unlikely to experience full vacancy, as when 1 tenant does leave usually there is still income from 2 other tenants making this not only a profitable but also a stable investment.
The complex features 57 units, plus a pool, games room and every facility that students could want. The building is approximately 16 years old and has recently been re-painted externally.
Inspections are available on request.
Features include:
• 3 separate student tenancies
• Minimal chance of full vacancy due to different lease times
• Pool onsite and games room
• 2.1km to Griffith Uni Nathan Campus
• Gross rental income: $29,900 per annum
• 3 beds, each with ensuite
Income:
• 6A - $190pw until 03/10/2022
• 6B - $200pw until 27/12/2022
• 6C - $215pw until 17/01/2023
• Total - $31,460pa
Outgoings:
• Body Corp - $5,300pa
• Council Rates - $1,502.85pa
• Urban Utilities (Water) - $1,378.05pa
• Services (Internet & Electricity) - $3,795pa
• Total - $11,975.90
Upper Mount Gravatt is approximately 10km from Brisbane's CBD and is fast becoming a major urban hub for the southern suburbs of Brisbane.
*All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.
https://www.reval.com.au/6-1848-logan-road-upper-mount-gravatt-qld-4122
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More Details on 6/1848 Logan Road, Upper Mount Gravatt QLD
How many bedrooms and bathrooms does 6/1848 Logan Road, Upper Mount Gravatt have?
6/1848 Logan Road, Upper Mount Gravatt is a 3 bedroom, 3 bathroom apartment.
Who is the agency that listed 6/1848 Logan Road, Upper Mount Gravatt?
The agency who listed 6/1848 Logan Road, Upper Mount Gravatt is Reval Estate Agents - you can contact the agents here.
How many car spots does 6/1848 Logan Road, Upper Mount Gravatt have?
6/1848 Logan Road, Upper Mount Gravatt is a 1 car spot home.
How much is 6/1848 Logan Road, Upper Mount Gravatt?
The price of 6/1848 Logan Road, Upper Mount Gravatt is $270,000 - contact the agents to find out more.