Boutique Development In Growth Corridor

Property ID: 20024373

Purchase Price $453K
Rent $450 per week (Estimated)
Yield 5.17% (Estimated)
SEQ Growth Corridor

Strong returns and high depreciation benefits combined with being located in a capital growth area make these small boutique townhouse's a great investment opportunity.

In a small complex of just 9, this townhouse is close to all the facilities your tenants will need.

350m Bus stop
1km to a Shopping Centre with over 220 specialty stores.
3.2km Childcare
1km Primary School
2.8m High School
950m TAFE college
14km Hospital
10.3km Airport
450m Beach

The Region fortunes improved markedly in the past couple of years. It now looks to have strong prospects for capital growth, boosted by infrastructure developments such as the Hospital, the CBD project, and the airport expansion.

The Government is currently spending over $350M to expand the Maroochydore CBD and the Sunshine Plaza (Only 1km away) which will provide over 15,000 jobs. There will also be $35M spent to expand the student accommodation in the area to house an extra 330 students.

Demand for this type of property is currently outstripping supply, Vacancy rates are below 1% (2 to 3 % is considered a balanced market) and the time it takes to sell a property has halved over the past 18 months.

These factors all indicate capital growth is imminent in this area.


PROPERTY DETAILS

2 good sized Bedrooms, both with built in robes and master with air-conditioning
2 bathrooms, including ensuite + powder room
Open plan living and dining area with air conditioning
Kitchen has Stone bench tops, Electric Oven and Cooktop, slide out Range Hood & Stainless steel Dishwasher
Ceiling fans to all bedrooms and living area
Courtyard
Single lock up garage
Small complex of 9

To secure this opportunity call We Find Houses on 1800 600 890.