60 / 44 University Drive, Meadowbrook
$153,500- Bedrooms: 4
- Bathrooms: 4
- Car Spaces: 1
- Property type: Apartment
- Property type:
- Floor Area: 0 sqs
- Land size: 94 sq metres
- Listing type: Sold!
Solid Investment - Unique 4 bedrooms + 4 Bathrooms
Yes this is a 4 bedroom, 4 bathroom unit designed for and limited to students studying locally. Each bedroom has built in wardrobe, study nook and plenty room to move, add furniture, TV's etc. The common area is the lounge, dining and kitchen as well as the patio.
The complex has a massive games room with pool table, gym equipment, television and naturally good internet connectivity throughout the complex. There is tennis courts and a massive lap/ swimming pool. Plenty of car accommodation along with quiet picnic tables and nature walks close by.
The complex is within walking distance to Loganlea railway station, Logan Hospital, UQ University QLD Logan Campus and the Tafe College. It is also walking distance from shops & convenience stores along with the Uni students choice cuisine of McDonalds, Red Rooster and Hungry Jacks. It is location is handy to the highway, Logan Motorway and other major road networks.
The vacancy periods are usually once a year while students return home for a holiday, but generally the units are occupied. Student accommodation unit returning as much as $640 per week most of the year round. Without trying to fancy up or glorify the situation, allow us to enlighten you as you consider this as an investment property. Other agents just advertise the return of $640.00 per week and while them numbers are fantastic, we'd like to let you know some facts and figures to assist you in calculating this opportunity that you should consider. $160.00 per week, per room is correct - the management fees on that rate are $44.00 per week therefore the return per week per room is $116.00. Based on all rooms being occupied, the return is $464.00 per week. There are body corporate and other fees. For a more detailed information call now!
ADDITIONAL FEATURES
- Balcony
- Outdoor Entertainment Area
- Swimming Pool - In Ground
- Fully Fenced
- Secure Parking
- Tennis Court
- Pay TV Access
- Study