91/53 Vernon Terrace

Teneriffe QLD 4005

Inspect Thursdays 12 to 12.30pm Currently tenanted @ $550 per week. The unit has had a minimal vacancy rate over a considerable time.
Surrounded by Brisbane's history in a building boasting high soaring ceilings, textured brick, exposed timber trusses and iron bark beams, the building provides contemporary lifestyle accommodation in the Teneriffe/ Newstead precinct, still undergoing continuing development well in advance of other inner city areas. A solid investment decision.
Important highlights:* 2 large bright double bedrooms.* Spacious bathroom, seamless glass shower, double vanity and sleek tiling.* Stainless steel under bench appliances and white two pack finishes.* Air conditioning and ceiling fans.* Riverside swimming pool, Gazebo and entertainment/ BBQ areas.* Secure parking space and plenty of off street visitor parking.* Bus and Ferry at the door.* Restaurant and coffee shop in the building, many more cafes, bars, shops and restaurants in easy walking distance.
What a perfect investment environment we have now, low interest rates and still going down, high occupancy levels, affordable Body Corporate levies, large Sinking Fund balance and quality on site managers. Do the sums now.
Body Corporate: Payable each 4 months. Admin. $1016.40. Sinking $ 369.17.Rates: $ 519.11 per quarter.