215/5 Bourton Road

Merrimac QLD 4226

There is a good long term tenant already in place, paying $290 per week. ($580 per fort)

FREEHOLD TITLE
Rental income: $15,080 per year per unit
Council Rates: $2400 per year per unit
Water Rates $1060 per annum approx
Rental management Fees $1250 per year approx
Body corp/caretaker levies: $2865 per annum (per unit) approx
General fees apportioned $470 approx per annum
Approx outgoings = $7105.00

Other: Landlords insurance $200 - $300 per year/minor internal maintenance costs

On $110k purchase price reflects 6.5% net return

Levies include, building insurance, public liability insurance, admin/sinking fund levies, caretaker fees, common area maintain (Tenants pay for own electricity usage/owner pays for water) ( Please note: figures are approx and buyers should do their own due diligence)

Westminster House is centrally located at peaceful Merrimac, very central to all the Gold Coast has to offer. Easy access to Pacific Highway to Broadbeach via Gooding Drive past Carrara Markets. Worongary Shopping centre with Coles and 40 shops is 500m away. Soon, there will be a train station within 10 mins walk.

Merrimac Tavern is less than 1km away; McDonalds, Coffee Shops & Take Away, all an easy walking distance and only around 10 mins drive major shopping centres of Pacific Fair, Robina Town Centre. Beautiful Gold Coast’s beaches and hinterland are only 15 minutes’ drive away; Brisbane CBD is less than one hour drive on M1

Disclaimer: In the preparation of this document, we have used our best endeavours to ensure that the information contained herein is true and accurate, and accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify any information contained herein