Description
KEY FEATURES:
- Freehold strata studio apartment
- 4 minutes from Kirra Beach
- 3 minutes from the heart of Tweed Heads
- Newly renovated
- New Daikin reverse cycle air-conditioner
- Tiled throughout
- Built-in wardrobe
- Includes reserved parking space within gated car park
- Low body corp fees
- Close to Southern Cross University and Gold Coast Airport
- Bus-stop located out the front
- Within walking distance of all amenities
- Outdoor pool and onsite laundry facilities
The apartment complex is a mix of owner-occupiers and long-term tenants, ranging from studio apartments up to 6-bedroom apartments.
FOR THE INVESTOR:
- Achievable rent: $295 pw (currently owner-occupied)
- Council rates: $48.17 pw
- Body corp fees: $32.44 pw
Sample breakdown:
Gross rental income: $15,340
Annual body corp fees: -$1,687
Annual Council rates: -$2,505
Net annual income: $11,148
Net rental yield: $11,148 / $222,960 x 100 = 5%
With a *net* rental yield in the region of 5%, this low-maintenance apartment represents an excellent opportunity for the astute investor to secure a new addition to their property portfolio, in what is a high-growth region of the coast.
At the time of posting, there are currently no other rental properties available under $300 pw on the Tweed Coast on either Realestate.com.au or Domain.com.au. A strong demand for lower-priced rentals in this region means a large pool of prospective tenants to select from.
- Freehold strata studio apartment
- 4 minutes from Kirra Beach
- 3 minutes from the heart of Tweed Heads
- Newly renovated
- New Daikin reverse cycle air-conditioner
- Tiled throughout
- Built-in wardrobe
- Includes reserved parking space within gated car park
- Low body corp fees
- Close to Southern Cross University and Gold Coast Airport
- Bus-stop located out the front
- Within walking distance of all amenities
- Outdoor pool and onsite laundry facilities
The apartment complex is a mix of owner-occupiers and long-term tenants, ranging from studio apartments up to 6-bedroom apartments.
FOR THE INVESTOR:
- Achievable rent: $295 pw (currently owner-occupied)
- Council rates: $48.17 pw
- Body corp fees: $32.44 pw
Sample breakdown:
Gross rental income: $15,340
Annual body corp fees: -$1,687
Annual Council rates: -$2,505
Net annual income: $11,148
Net rental yield: $11,148 / $222,960 x 100 = 5%
With a *net* rental yield in the region of 5%, this low-maintenance apartment represents an excellent opportunity for the astute investor to secure a new addition to their property portfolio, in what is a high-growth region of the coast.
At the time of posting, there are currently no other rental properties available under $300 pw on the Tweed Coast on either Realestate.com.au or Domain.com.au. A strong demand for lower-priced rentals in this region means a large pool of prospective tenants to select from.