31/1848 Logan Road

Upper Mount Gravatt QLD 4122

You won't find a smarter way to invest in the property market than this top quality, 3 bedroom apartment! Rents are currently at $665 per week.

Boasting a tidy design with easy care tiled floors in main living areas, air conditioning, ceiling fans and quality carpets and blinds to each bedroom, this spacious apartment requires nothing to be done and minimal maintenance to keep it looking great!

The practical layout provides each double size bedroom with its own ensuite and built-in robe for storage. There's ample room for beds, desk and storage. Each bathroom is modern and appealing with a decent vanity, toilet and shower facility.

The shared areas include a generously sized lounge and dining room with an open-plan design that opens via sliding doors to a large, tiled balcony. This is a great space for outdoor entertainment and BBQ's, catching some sun or enjoying the company of friends.

A fantastic kitchen has been fitted with the great range of cabinetry and offers ample bench space for preparation. It also has high-end appliances including a dishwasher for convenience.

The complex features 57 units plus a pool, games room and every facility that students could want. The building is approximately 16 years old and has recently been re-painted externally.

- City express bus stops on Logan Road
- Minutes' walk to Westfield Garden City or Coles Village
- Gymnasiums, library, retail, cinema and cafes nearby
- Local parks for recreation
- 13km to Brisbane CBD or 20 minutes by car
- 2km to Pacific motorway and close to Gateway

Income:

- U29A - $225 pw
- U29B - $225 pw
- U29C - $215 pw

- Total - $34,580 pa based on full occupancy of each room.

Outgoings:

- 8.8% Management Fee
- Body Corp - $5,650pa
- Council Rates - $1,800pa
- Urban Utilities (Water) - $1,400pa
- Services (internet & electricity) - $3,795pa
- Total - $12,645pa ( APPR )

Producing more than 10% gross return on Investment this is an income producing cash-cow that will continue to see solid growth due to its prime location and appealing layout.

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.