36/97 Edmund Rice Drive, Southport QLD 4215

Asking Price: $339,000
Estimated Rental Income: $480/week
Gross Rental Yield: 7.36%
Estimated Weekly Cash Flow: +$28.74/week
Bedrooms: 3 Bathrooms: 1 Car Spots: 1

Agent Description

Investors dream in prominent Southport location

Offering modern and functional living, this perfectly designed townhouse provides a rare and exciting investment opportunity.

Spread over two levels, the property has been perfectly designed for practical, purposeful living and is located in a highly sought after area.

The tidy kitchen and large open plan living/dining areas spill out onto a huge grassed outdoor area, adding perfectly to the overall comfort and appeal. It has its own lock up garage with direct access and is located at the back of the complex and away from the main entrance and road.

The 3 bedrooms and main bathroom upstairs are well-sized and the extra toilet downstairs adds to the property’s overall functionality.

Both private and quiet, this townhouse is currently rented to students, offering an exceptional investment return of $480 per week which is above 5.5% net return per year. Body corporate is a very reasonable $55 and is open to a 20% discount if paid on time.

The real value of this property is in its location. Griffith University is at the end of the street, The Gold Coast Hospital and Light Rail Stations are less than 5 minutes away, and it’s positioned close to the prestigious Aquinas College and Guardian Angels Primary School. It’s also walking distance to Ashmore Plaza, public transport and provides direct access to the motorway.

Properties offering such a favourable opportunity are rare to say the least, so enquire today.

Property features:

– 3 bedrooms, with ceiling fans & built in wardrobes

– A spacious bathroom + powder room

– Neat & tidy corner-set kitchen with storage and breakfast bar

– Open plan tiled living and dining area with ceiling fan and an abundance of natural light

– Backyard overlooking natural reserve

– Single garage with internal access plus space for one car on the driveway

– Spacious separate laundry + powder room

– Low Body Corporate Fees and excellent rental return

– ‘Summer Place’ estate facilities include an in-ground swimming pool, spa, tennis court & BBQ area

– Pet friendly complex

Features:
Swimming Pool
Balcony / Deck
Built in wardrobes
Garden / Courtyard
Tennis Court

 

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