322/5 Bourton Road, MERRIMAC QLD 4226

Sold $110,000
Property Details

322/5 Bourton Road, MERRIMAC QLD 4226

Sold $110,000



You wouldn’t think it was possible to buy an investment property on the Gold Coast for under $130k?

Here at ”Bougainvillea Lodge” in Merrimac – you can!

This lovely community is a centrally located over 50’s’ pensioner living environment and is a great ‘no fuss’ investment. There is already a long term resident in place, and they are fully equipped and well catered for in a peaceful and social living environment within walking distance to shops, transport and other amenities.

There is rarely any vacancy in this community, with a long list of residents expressing interest if one should become available in the future, giving you great long term security on your investment.

This low set brick unit features a lounge room/kitchenette, green outlook and patio, large bathroom/laundry, security screens, fans and bedroom with built in robe. Open plan design with kitchenette, electric/white goods/some furniture/home wares provided for tenants.

Bougainvillea Lodge is centrally located at peaceful Merrimac, easy access to all the Gold Coast has to offer. One min to Pacific Highway, and 15 mins to Broadbeach via Gooding Drive past Carrara Markets. Worongary Shopping centre with Coles and 40 shops is 500m away. Within 2 years we will have a train station within 5 mins walk away.

Unit income $14,300 p/a (currently renting at $275pw) increases with the pension rate
Management (rental) fees 8.25% (includes gst)
Rates $850 per half year approx
Water $199 Quarter approx

$4800 bc fees per annum – includes building insurance, public liability insurance, admin/sinking fund levies, common area maintain (fees are tax deductible except sinking fund payments)

Each of the single units are equipped with:
One bedroom with single bed, air conditioning, built in robe and access to washing line and nice terrace with green outlook
One bathroom/combined laundry with washer and dryer
Neat kitchenette with fridge and microwave
Television and lounge, dining table
Ceiling fans in bedroom and living area
Security screens/blinds to all windows and doors
Smoke detectors (Level 1 Fire Safety rating)
Great friendly onsite caretakers

Merrimac Tavern, McDonalds, Coffee Shops & Take Away, all an easy walking distance and only around 10 mins drive major shopping centres of Pacific Fair, Robina Town.

Beautiful Gold Coast’s beaches and hinterland are only 15 minutes’ drive away; Brisbane CBD is less than one hour drive on M1

Dont miss out on this great opportunity! For more information please call Taya today,

Disclaimer: In the preparation of this advertising we have used a similar unit for photo’s and virtual tour due to the current tenant privacy, and within the document, we have used our best endeavours to ensure that the information contained herein is true and accurate, and accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify any information contained herein. we recommend buyers do their own due diligence as part of the purchase.

Property Features
  • Villa
  • 1 bed
  • 1 bath
  • Toilet
  • Built In Robes
  • Outdoor Entertaining
Real Estate Agent