This is a unit on a parcel in 307/SP211580 Merrimac QLD. Comparable sales have been around $140,000. The local government is Gold Coast City - Albert, featuring 1 bedroom and 1 bathroom.
Investors Where Are You? Great Rental Returns! Over 50's single pensioner living - "Bougainvillea Lodge" offers fully equipped and single bedroom units in a private tranquil environment. Complete with a long term tenant. Tenancy rate is 100% full with a huge waiting list.Residents are fully catered for with 3 home style meals per day. The meals include breakfast, lunch with dessert and a pre packed evening meal that can be enjoyed in the unit. The social dining area is available from 7a daily.- Fully furnished unit - Asset list of furnishings/equipment- Quiet, private landscaped settings- Single bedroom, built in robe, ensuited bathroom, split system Air Conditioning- Long term tenant currently rented for $374 per week- Close to public transport