12/108 Kennedy Drive TWEED HEADS WEST NSW 2485
$295,000

DESCRIPTION

Great entry level investor opportunity with a gross rent return of 5.96%.

The Studio apartment is situated just off the freeway on Kennedy Drive with the Airport, Shopping Centres Restaurants Cafes, and the townships of Coolangatta and Tweed Heads all close-by, boasting some of the best beaches in the world the area has a lot to offer both young and young at heart especially retirees with a superb climate and plenty to do for all ages.

PROPERTY FEATURES:
-ground floor location means you reach a wider group of tenants especially the retirees
-the complex is securely gated, with an in-ground swimming pool and BBQ area
-over time the unit has been upgrades so offers some more modern amenities included a stylish bathroom, air conditioning, a full-size oven and cooktop
-this property also offers a secure garage with a roller door
-historically this property has a strong occupancy rate and demand in the area is continually strong with vacancy rate for the suburb sitting around 0.51% approx.
-there are a total of 27 rooms in the complex

LOCATION:
- Buses leave from the front door into Tweed.
- Short walk to the Endless Summer Shopping Village or Caltex Service Station
- Club Courtesy buses available for the local clubs
- Potential for student accommodation with university close by and the international airport
VITALS:
-built 1980
-ground floor location in a complex has a total of 27 units
-low body corp. fee of $38.50 per week approx.
-healthy sinking fund has $88,000.00 approx.
-current actual rent is $350 per week
-ask agent for rental yield calculation
-air conditioned

INSPECTIONS CHECK FOR OPEN HOMES OR CONTACT THE AGENT ON Reveal Phone

Disclaimer:
All information contained herein is gathered from sources we believe to be reliable. Local Realty Sales & Rentals and its staff will not be held responsible for any act or omission arising from the accuracy of such material.
We cannot guarantee its accuracy and interested persons should rely on their own enquiries.
Such enquires should include, but in no way limited & directed, to your legal representative, any local authorities, the Contract of Sale and in the event of a Unit, Strata Title or Community Title, refer to the Body Corporate, Community Management Statement & Disclosure Statement for any information on the property, Common Property & Exclusive use areas, that may directly or indirectly affect this property.

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