10/22 Farne Street

Sunnybank Hills QLD 4109

The lowset villa brick home is simple and modern and includes all the essentials you need including comfortable, air conditioned living room, a small functional kitchen and meals space. There's a covered patio area for enjoying outdoors and the unit has full security screens. The large bedroom offers a generous relaxes area fully carpeted and with built in robes. A fresh bathroom has an integrate laundry.
Low maintenance throughout with colourbond fencing, easy gardens and plenty of common grounds to be used by all the residents. In addition you can tap into the community spirit and opt to join your fellow residents for meals in the communal recreation area.
Being part of a retirement complex for over 50's, this home is available for you to buy as an investor to rent out and either move in later or keep as an ongoing asset, or if you meet the age requirement you can move in straight away! There's big demand on the rental side and strong returns in the region of $225 p/w for a 1 bedroom duplex.
With these rental returns and factoring in reasonable fees for on-site management, rates and body corporate this property is positively geared and won't strain you financially, in fact you'll earn a decent supplementary income!
An interest only mortgage on the full amount will only set you back around $9,000 per annum based on a 5% interest rate. The net income after all expenditure and bank interest is in the region of $3,800 - $5,700 per annum depending on the method of rental management chosen.
This is a highly motivated sale and our vendors have priced to sell immediately.
Make your enquiry today and arrange a time to inspect this golden opportunity.
All information contained herein is gathered from sources we consider to be reliable. However we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.