317/5 Bourton Road

Merrimac, QLD, 4226

  • 1bed
  • 1bath

$130,000

HIGH NET RETURNS - Better than banks!

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

Bougainvillea Lodge (& adjacent Westminster Lodge) is a serviced, subsidized 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.



Please note, this is a slightly larger corner unit with larger outdoor concreted area, than the standard units.


Financials-
Net Income after mgr fees & services, paid into your account-
-Jun $980, Jul $980, Aug $980 ie 13 x $980 (26 fortnights a year)

External Expenses-
-BC $60pw
-Rates approx $720 half year