FOR SALE
Offers Over $285,000

11/13-17 Tonga Place
Parkwood QLD 4214

Bedrooms: 2
Bathrooms: 2
Car spaces: -
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Affordable Investment Unit... Generating over 4% ROI After Expenses!!!

***STRICTLY STUDENT ACCOMODATION ONLY, INVESTORS ONLY, NO OWNER OCCUPIERS***
A great little investment property in tightly held student accommodation complex 'University Square'. Located on the top floor of a two storey walk-up this property is currently under lease until January 2025 earning $440 per week.
A great size property and consistently rented to students attending the university. Selling in this complex over the years I have seen great rental returns for owners and it is evident with few sales in this complex that owners are happy with their investments. A total of 24 units and a mix between two and three bedroom units in a collective pool gives protection to an owner if one room is empty it minimises the loss of rent significantly. For further information please ask the agent for financial returns and a fact sheet on this property. This property would make a great investment with strong returns and low outgoings.
* images are of the next door unit. Same condition, just reversed floor plan*
• Spacious two bedroom/ two bathroom top floor unit in 'University Square'
• Total of 24 units, 65 rooms. Built circa 2002, two storey walk-up building
• Currently rented at $440 per week until January 2025
• Open plan living/dining, fans in living and bedrooms, built in mirror sliders
• Well appointed kitchen - overhanging breakfast bar, s/steel app, large pantry
• On-site manager, security gated complex, affiliation with Griffith University
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Property Details for 11/13-17 Tonga Pl, Parkwood

11/13-17 Tonga Pl, Parkwood is a 2 bedroom, 2 bathroom Unit. The place is currently for sale with Harcourts Broadbeach Mermaid Waters.

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About Parkwood 4214

The size of Parkwood is approximately 5.6 square kilometres. It has 7 parks covering nearly 20.3% of total area. The population of Parkwood in 2011 was 8,436 people. By 2016 the population was 8,700 showing a population growth of 3.1% in the area during that time. The predominant age group in Parkwood is 20-29 years. Households in Parkwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parkwood work in a professional occupation. In 2011, 70.6% of the homes in Parkwood were owner-occupied compared with 66.9% in 2016.

Parkwood has 3,098 properties.

    There are currently 18 properties listed for sale, and 7 properties listed for rent in Parkwood on OnTheHouse. According to CoreLogic's data, 113 properties were sold in the past 12 months in Parkwood.

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    Michael Elliss
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    Harcourts Broadbeach Mermaid Waters
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