12/13 Tonga Place, Parkwood QLD 4214

Offers Over $279,000

2 beds

2 baths

1 parking

High yielding returns on affordable Investment unit!

***STRICTLY STUDENT ACCOMODATION ONLY***

A great little investment property in tightly held student accommodation complex 'University Square'. Located on the top floor of a two storey walk-up this property is currently under lease until January 2024 earning $400 per week.

A great size property and consistently rented to students attending the university. Selling in this complex over the years I have seen great rental returns for owners and it is evident with few sales in this complex that owners are happy with their investments. A total of 24 units and a mix between two and three bedroom units in a collective pool gives protection to an owner if one room is empty it minimises the loss of rent significantly. For further information please ask the agent for financial returns and a fact sheet on this property. This property would make a great investment with strong returns and low outgoings.


• Spacious two bedroom/ two bathroom top floor unit in 'University Square'
• Total of 24 units, 65 rooms. Built circa 2002, two storey walk-up building
• Currently rented at $400 per week until January 2024
• Open plan living/dining, fans in living and bedrooms, built in mirror sliders
• Well appointed kitchen - overhanging breakfast bar, s/steel app, large pantry
• On-site manager, security gated complex, affiliation with Griffith University
• Short walk to Griffith University, Gold Coast Hospital, Tram Station
• A stroll to gym, Southport Sharks club, shops, transport options and much more
• Rates approx. - $486.64 per 6 months (investor). Water - $429.82 per 3 months
• Low body corporate of approx $45 per week. (statement available to view)

For further information on this home or to arrange an inspection, please call Michael Elliss on 0402 858 174

Property Details

• Type: Unit
• Bedrooms: 2
• Bathrooms: 2
• Other Parking: 1