6.5% Net Yield Investment Opportunity!

Secure this fantastic yield-based investment with both hands, with over 10% Gross Return! Genesis Student Accommodation is conveniently located just a stone’s throw from Griffith University’s Nathan Campus and Westfield Garden City.

Due to the staggering of lease start and finish times this investment is unlikely to experience full vacancy, as when 1 tenant does leave usually there is still income from 2 other tenants making this not only a profitable but also a stable investment.

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.

Inspections are available on request.

Income:

  • 6A - $190pw until 03/10/2022
  • 6B - $190pw until 24/06/2022
  • 6C - $195pw until 13/07/2022
  • Total - $29,900pa

Outgoings:

  • Body Corp - $5,300pa
  • Council Rates - $1,502.85pa
  • Urban Utilities (Water) - $1,378.05pa
  • Services (Internet & Electricity) - $3,795pa
  • Total - $11,975.90

Upper Mount Gravatt is approximately 10km from Brisbane’s CBD and is fast becoming a major urban hub for the southern suburbs of Brisbane.

*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.

3 separate student tenancies

Minimal chance full vacancy as varied lease times

Pool onsite and games room

2.1km to Griffith Uni Nathan Campus

Gross rental income: $29,900 per annum

3 beds, each with ensuite

Property Location

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dollar-icon For Sale
Offers Over $280,000
home-icon Property Type
Unit
internal-size-iconInternal Size
145m2
location-icon Suburb
Upper Mount Gravatt

Adam Scott

Managing Director

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