21/61 Benson StreetToowong QLD 4066
Property Details for 21/61 Benson St, Toowong
21/61 Benson St, Toowong is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1985. The property has a land size of 40m2 and floor size of 40m2. While the property is not currently for sale or for rent, it was last sold in December 2015.
Last Listing description (February 2016)
It doesn't get better than this! Approximately 6% net return or 9% gross ROI. This set-and-forget investment opportunity is not to be missed - a motel unit in one of Brisbane's premiere suburbs.
This studio motel apartment enjoys guaranteed returns irrespective of whether your motel room is occupied or not. Gone are the worries when your property is vacant! The motel unit is leased to the motel managers who run the Benson Court Motel.
There is a guaranteed annual gross income from the property of $11,726 ($977.15 per month) plus GST if applicable, which is increased annually either per CPI index or by 3% whichever is the lower.
Quickly put these figures through your calculator and be pleasantly surprised:
Income: $11,726 per annum - $977.15 month
Council Rates: $316.00 per qtr - $1264.00 per annum approximately
Water Rates: $212.00 per qtr - $848.00 per annum approximately
Body Corporate Levies: $1800 per annum
This property is for investment only, and NOT for owner occupiers.
Please contact Juana Bernardo on 0418 775 373 for more an information package today! This will be sold!
Close to Schools,Close to Shops,Close to Transport,Fabulous investment! Walk to everything!
Property History for 21/61 Benson St, Toowong, QLD 4066
- 09 Dec 2015Sold for $129,000
- 03 Dec 2015Listed for Sale Not Disclosed
- 03 Jun 2010Sold for $110,000
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0About Toowong 4066
The size of Toowong is approximately 4.2 square kilometres. It has 18 parks covering nearly 10.4% of total area. The population of Toowong in 2011 was 11,255 people. By 2016 the population was 10,832 showing a population decline of 3.8% in the area during that time. The predominant age group in Toowong is 20-29 years. Households in Toowong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Toowong work in a professional occupation. In 2011, 42.9% of the homes in Toowong were owner-occupied compared with 44.4% in 2016.
Toowong has 7,374 properties. Over the last 5 years, Houses in Toowong have seen a 71.35% increase in median value, while Units have seen a 80.16% increase. As at 31 October 2024:
- The median value for Houses in Toowong is $1,584,993 while the median value for Units is $774,068.
- Houses have a median rent of $650 while Units have a median rent of $620.
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