AFFORDABLE Villa with a PROVEN - 6% - Rental Return on INVESTMENT

SOLD

This well constructed villa is a unique & proven investment opportunity at a very affordable price & catering specifically to Brisbane's fastest growing rental market.

FEATURING:
• Proven 6% property Investment
• Professional on-site management
• Freehold title with a traditional body corporate

This villa is backed by its own unique performance summary - a document which details the tenancy history & exactly how much rent the villa will return for the investor.

No other project in this area is able to offer a proven investment with a below $300K entry price, tenants & an onsite manager already in place, with yields that average over 6%

CONSTRUCTED: Approx; 1998 - Brick veneer with plasterboard interior lining & aluminium window frames.

ACCOMMODATION: 1 bedroom, 1 bathroom, kitchen, lounge & dining combined, laundry in bathroom with single stainless steel tub & automatic washing machine points. Exclusive-use pergola & courtyard.

FIXTURES: Linen cupboard, security screens & doors, ceiling fans & split system a/c to main living area. Floor coverings include carpet & main tiles.

SIZE:
• Internal Area: 53sqm
• External Area: 26sqm
• Total Area: 79sqm

RENTAL
• Rental Income $330p/w
• Actual Yield: 6.3% ROI

CAPITAL GROWTH: The 5 year average annual capital growth rate for Carseldine is over 5%. The median unit price in Carseldine Suburb is $391,400. (Source: Property Value by Corelogic) Realestate.com.au)

DEPRECIATION: Estimates from Napier & Blakeley & BMT Quantity Surveyors are available upon request.

HISTORY: Carseldine gardens was previously operated as a retirement village & will be de-registered & converted to a standard residential scheme. This means there are NO restrictions on people renting or owning the individual villas. None of the legislative restrictions or management fees associated with retirement villages will apply to Carseldine Gardens.

Notwithstanding this, the onsite managers have identified a shortage of rental accommodation specifically designed for this older demographic & intend to manage the project with this target market in mind

GREAT LOCATION: Carseldine Gardens is perfectly positioned in an established suburb just 12.5km to the Brisbane CBD - Local parks & walking trails connect the suburb with cafes & convenience shops & Carseldine Rail Station is just 1km away.

• Carseldine Central - 5 mins
• Railway station - 3 mins
• Taigum Square - 6 mins
• Aspley Hypermarket - 9 mins
• Westfield Chermside - 10 mins
• Prince Charles Hospital - 13 mins

THIS IS A PROPERTY WORTH INSPECTING: CONTACT MARYA TO DISCUSS A TIME THAT IS SUITABLE FOR YOU – M: 0425 275 555

Sale Type	Private Treaty
Bedrooms	1
Bathrooms	1
Car Spaces	0

Property Overview

Property ID:	res101
Location	29/156 Dorville Road CARSELDINE, QLD
Opening Times:	Viewings by appointment only
Features: