A unit located on a lot in 79/SP129371 Springwood QLD. Similar properties have sold for approximately $385,000. Constructed in 1998, featuring 2 bedrooms and 2 bathrooms.
*6.5% GROSS RENTAL RETURN! THE ULTIMATE INVESTMENT PROPERTY Positioned on level 9 of the esteemed Springwood Tower Apartment Hotel is this well-designed open plan living 2 bedroom apartment spanning 112m2 of living. Deluxe and well-proportioned throughout. This is perfect for breaking into the 1st home market, sound numbers for the astute investors (currently rented at $520pw), ultra-convenient for the retirees or just great as a holiday home! A flawless offering of unquestionable distinction and pedigree, this upmarket residence defines Springwood CBD living. This home is beautifully crafted for the entertaining lifestyle with light-filled interiors flowing over the entire apartment. Strategically located in the prime area of the Springwood CBD, Springwood Tower Apartment Hotel is the iconic high rise offering fully self-contained apartments for residential living and short and long term accommodation options, leased office spaces, function facilities, restaurants, gaming bar and lounge. Rising majestically above the neighbouring Springwood suburban residential homes, offices and shopping centres, Springwood Tower Apartment Hotel's 10-storey building offer unobstructed hinterland views of its surroundings.PRIME LOCATION:With the expansion of the M1 motorway and the South East busway's arrival connecting into the Springwood bus interchange down the track, the future is bright for residents at the Springwood Tower Apartment Hotel. Moreover, this is your chance to own a piece of prime position with the Greater Springwood Masterplan right at your doorstep. When the Masterplan unfolds in the future, there would be exciting facilities including a new Town Square, Springwood Art Gallery, Springwood Theatre, public transport service improvements and more. The location is so promising as it is walking distance to many current amenities - Springwood & Arndale Shopping Centres, Springwood Bus Station, parks, offices and Brisbane Lions Club. Plus you are only a 25 minute drive into the Brisbane CBD, 25 minutes to the Brisbane Airport and 40 minutes to the sunny Gold Coast beaches. The residence is close to top schools like John Paul College, St Edwards Catholic Primary, Calvary Christian College and Redeemer Lutheran College, as well as popular shopping hubs such as Springwood & Arndale Shopping Centres, the newly rejuvenated Chatswood Central Retail, IKEA, Logan Mega Centre and Hyperdome Shopping Mall.ACCOMODATION:+ An open plan living room and dining area with flow through to the spacious wrap around balcony+ 2 spacious bedrooms where the Master bedroom comes with a walk-in robe, an ensuite with corner spa bath/shower combo and access to the balcony+ Granite benchtop kitchen with tile splashback, 1 bowl stainless steel sink, European stainless steel appliances and electric cooktop, accompanied with abundance of cabinet and drawer space for storage+ The main bathroom is fitted out with a corner spa bath, floor to ceiling tiles, separate shower screen and toilet+ Separate internal laundry+ Split air conditioning in the main living space to cool the whole apartment+ Double layered glass windows and glass doors to block out external noise effectively+ Views capture hinterland and suburbanite of Springwood and its surrounds ADDITIONAL FEATURES & FACILITIES:+ Secure underground designated 1 car space+ Dual lifts to reduce waiting times + On the ground level, there are 3 international restaurants to choose from: Gateway to India, Springwood Garden Vietnamese & Chinese Cuisine and Nine on 9 Italian Restaurant; Also there is the gaming bar & lounge with a selection of beers on tap, cocktails and 20 pokies machines for your enjoyment+ Fully equipped gym with sauna room plus a BBQ communal area for friends and family gatherings on level 2+ The hotel also offers two flexible function rooms capable of catering to small groups of 10 as well as grand affairs of up to 200 guests at affordable rates+ Plenty of onsite visitor parking lots in front of the buildingThis well maintained apartment is versatile for short-term tenants or long term rental where the rental income is approximately $520 per week. Homeowners can also purchase as well as there are a number of home owners currently in the hotel. * Rental Yield of 6.5% calculated based on a rental return of $520 per week over 1 year (52 weeks) and purchase price of $415,000PS1: Visit the following sites for all the great things to come close to this great location:1.http://www.logan.qld.gov.au/__data/assets/pdf_file/0016/4723/greaterspringwood.pdf2.http://www.logan.qld.gov.au/about-council/news-and-publications/media-releases/media-releases/one-million-reasons-to-invest-in-springwoodPS2: When you come for the inspection, please park your car in one of the many designated visitor car lots in front of the hotel apartment and we will be waiting for you at the front reception entrance to show you...