A CASH COW - An Investor’s Dream – Dual Key – Lower Risks & Higher Returns

This is a great opportunity to secure a fully furnished apartment close to the city, in an established building that produces a fantastic return.

Dual Key: The property consists of 2 individual units on one title allowing for 2 separate tenancies. With the option of deriving an income from both separately or as a single unit. There is also the option of renting one side of the separated apartments and living in the other to supplement your mortgage repayments.

Lower Risks: As an investor you are able to spread the net return over 2 properties. In case one is vacant you can still derive a return from the other. Rarely would both tenancies be vacant at the same time.

Higher Returns: The property returns above the standard 2 bedroom apartments in the area as there are 2 individual tenancies. The property is currently achieving $705 per week. The 1 bedroom apartment is rented at $405 per week and the Studio is rented at $300 per week. This is a cash cow!

Property particulars:
- Size: 89m2 + car space
- Income: $705 per week
- Body Corporate: $4,854 per year
- Council Rates: $1,403 per year

Within the complex itself, you will have access to the gym, a roof top pool and an all-weather heated pool, saunas and a residents’ private cinema. Living at Gabba Central gives you the added convenience of the bustling retail precinct including a Coles supermarket, Post Office, hotel and bottle shop, Asian specialty supermarket, several coffee shops and restaurants including Nandos, bakery, Jetts Gym and numerous other small enterprises.

Close proximity to public transport, hospitals and the CBD – This is an opportunity not to be missed.