Loganholme is a thriving suburb, well positioned in the corridor between Brisbane (20 minutes’ drive) & the Gold Coast (40 minutes’ drive). Loganholme is an established suburb with no new large subdivision resulting in very limited land availability.
With an extremely low rental vacancy rate of only 3%, dual occupancy dwellings can maximize your returns with the various options they offer. Such as:
• Occupy the main dwelling (great for retirement or first home buyers) and let the auxiliary side OR
• Occupy the whole dwelling (for extended families who want that little bit of independence) OR
• Let the complete dwelling (home & unit to separate tenants) in this high demand rental suburb
This property is a great addition, or start to your investment portfolio with returns showing apx 7%.
The end product is a full turnkey home with high quality finishes that include all fixtures and fittings, landscaping, driveways, right down to the letterbox. Upon construction completion, the home will be ready to occupy immediately.
Full Turn Key Price:$525,000.00
Indicative Rental Return :$700 – $750 p/w
Approx 7% return
Property Type: Dual Living Auxiliary
Garage Spaces :2
Land Size: 460m2 House Size:223.66m2
WHAT IS THE CONTRACTUAL PROCEDURE?
This “off-the-plan’ package is signed up with two contracts. One for the land, and one for the build. They are signed off on at the same time with normal finance time frames. Once unconditional and land registration has taken place (estimated for early October 2015) settlement on the land will take place and shortly after, construction on the build will take place. Standard progress payments are paid throughout the construction phase. Construction time frame estimate is approx 14 weeks from site cut to completion.