Gold Coast Hinterland Retreat - For Sale #010948

Status: For Sale
Price: 420,000.00
Beds: 1
Bathrooms: 1
Lot Size: 128m2
Garage/Car Space: Car Port
4/400 Ruffles Road Willow Vale, QLD 4209

Twin seperate titles.
Willow Vale properties for sale.
Positively geared secure income source.
The property can either be leased out to anyone from the public (as a normal rental property) or you can live in this yourself.

The properties feature:
• 1 bedroom each with bathroom upstairs
• Open plan living design
• Split system air-conditioning
• Fully functional kitchen
• Large outdoor balcony
• Laundry
• Clothes hanger installed
• Electronic gated estate
• Facilities include a swimming pool & tennis court
• Properties are currently leased at $320 per week each (No lease in place)
• Land size is 128m²
• You also own a portion of all the common ground and property

Live in there yourself:
You may wish to live in there yourself, the only expenses are body corporate fees, council rates and building insurance as below.

Yearly expenses:
• Body corporate fees per property = $4,063.41 (Admin Fund $1,584.03 + Sinking Fund $2,479.38) (Approx.)
• Council rates = $1,844.60
• Rental Management fee = $1,326
• Building Insurance = $134.36
• NETT INCOME for BOTH approx = $33,280 per year.

There are no restrictions, this is just like any other normal property, you can rent, sell them whenever and to whomever you want.

These properties are strata titled just like owning any other property, townhouse or duplex you own the land size written in the description.

Home Features

Community Features

Location on Map

Contact Details

Contact Agent

Bill Edgar

0412 848 242

Property #: 010948
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Listed by Bill Edgar

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