A unit situated in 335/SP211580 Merrimac QLD. Data from comparable sales value it at about $195,000. The local government is Gold Coast City - Albert, featuring 1 bedroom and 1 bathroom.
Perfect for the cashed-up investor/trust/super fund. Bougainvillea Lodge (& adjacent Westminster Lodge) is a serviced, subsidised over 50's single living retirement village with fully equipped single bedroom units in a private tranquil environment and dining room facilities. Long term tenant, low maintenance property, plus air con, buses to Robina Town Centre and Pacific Fair, on doorstep. Better than bank returns. Investors only.FinancialsNet Income-*After mgr fees & services*Before BC & rates-Jun $980-Jul $980-Aug $980External Expenses--BC 60pw-Rates approx low 700s per half year + water approx low 200s per qtr