221/5 Bourton Road

Merrimac, QLD, 4226

  • 1bed
  • 1bath

$130,000

HIGH 7.5%+ NET RETURNS - Way better than banks!

Perfect for the cashed-up investor/trust/super fund. 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.


Financials

Net Income-
*After mgr fees & services
*Before BC & rates
-Jan $1827
-Feb $1218
-Mar $1218
-Apr $1,218
-May $1,222
-Jun $1,222

External Expenses-
-BC $49pw
-Rates $720 half year + water