Description

This well presented studio apartment in the best location in Spring Hill is returning $340 p/w. A long term lease is already in place with the onsite management.

- Fully furnished
- Secure building with seven day reception
- Walking distance to the CBD and all Brisbane has to offer
- Emporium, China Town, Queen Street, South Bank all in walking distance
- On the free Loop bus stop and just 400 meters to Central train station
- On-site facilities include swimming pool, gym, High Speed WIFI and BBQ area

All this and cafes / restaurants / shops, transport and CBD all at your fingertips.

• Body corp. fees approx. $1,125 per quarter
• Council rates and water approx. $350 per quarter
• Rent $340.00 p/w
• Purchase price $165,000
• Gross Yield 10.72 %
• Net Yield 7.14 % after BC levies and Council Rates!

Be quick as studios showing this return in The Ridge do not last long!

Property Code: 236