4 / 8 Rose St, Westcourt
SOLD by Shaun Craike
For the homeowner:
Creating a pleasant impression of comfort and convenience, this solid ground floor unit is situated at the front corner of the complex with direct street access. Its surprisingly spacious proportions and handy location would suit a young family or downsizers. The street has a sense of tranquility with majority of neighbouring properties being large Queenslanders. Only one street away from DFO shopping centre its convenient location is unbeatable.
Features include;
Combined lounge and dining room
Wide glass doors open to a beautiful courtyard
Generous kitchen with ample storage
Three bedrooms with built-in wardrobes and aircon, master has generous ensuite
Main bathroom has combined bath and shower
Tiled throughout
Large linen cupboard
Split system air conditioning to living / dining
One street from DFO Shopping Centre
Three bedroom units are in high demand, sales history for the complex shows only two units this size have come onto the market in the past 10 years. First sold in 2005, the next 2010 and now I bring you a once in a five year opportunity.
For the investor:
You simply will not find a better investment:
Body corp fees are $3,742, Rates are $2,300. The building was built in 1988 and there is approx $68,000 in the admin and sinking fund. The asking price is $218,500.
I believe this property represents a fantastic investment.
Borrowing 80% of purchase price= $174,800 at 4.75%pa = $160/week.
Body corp= $3,742/52 = $72/week
Council rates approx= $2300/52 = $44/week
Total major expenses= $276/week
Rental income approx= $320-$340/week
Resulting in a cash flow positive investment of $44/week or $2,288 a year.
