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Unlock the potential for lucrative returns with this exceptional studio apartment strategically positioned in a high-demand location.
The Essence Apartments Chermside offer modern amenities akin to a top-tier hotel, making it an enticing choice. Its prime location right beside The Prince Charles Hospital and St Vincent's Private Hospital diversifies its market, attracting not only medical guests, patients and their families but also leisure and business travellers. Being also just up the road from the bustling Westfield Chermside there is easy access to a plethora of boutiques, cinemas, cafes, and restaurants.
This open-plan studio unit features a luxurious King or Twin single beds, complemented by an occasional chair and a well-appointed bathroom. Each studio is equipped with a fully functional kitchen, complete with cookware and dinner sets for two, an electric cooktop, electric oven, dishwasher, full-sized fridge freezer, and microwave. Additional features include a designated workstation, an exclusive secure car space and a very generous balcony. Entertainment options include high speed Wi-Fi access, wall-mounted LCD TV with complimentary Foxtel access.
Guests can also enjoy the Guest Lounge with TV, kitchen, complimentary tea, coffee along with outdoor BBQ facilities and garden terrace, communal guest laundry facilities, conference facilities, guest gym passes for across the road, and secure parking, ensuring a comfortable and memorable stay.
Positioned in a rapidly developing area with ongoing infrastructure projects and urban growth initiatives, this property presents promising cash flow prospects over the long term.
Key Features:
Unit 107. Furnished Studio Apartment
Kind bed, kitchen, work space, bathroom, large balcony and exclusive secure car space.
Air-conditioning and fan for added comfort all year round.
Direct lift access from the car park to the apartment floor
Built in 2011
Outstanding location right beside Prince Charles and St Vincents Hospitals
Approx 10km away from Brisbane International and Domestic Airports
Reception from 7 am to 8 pm and Onsite Manager.
Housekeeping services.
Conference facilities and meeting rooms
Outdoor BBQ area with tables and umbrellas.
Financial Highlights:
This unit has a rental guarantee that means the rent is no risk and is paid regardless of the ups and downs of the business; you are charged no agent commissions, no re-letting fee, no vacancy rate, no marketing fees, a guaranteed annual CPI increase plus the benefit of Essence managing, cleaning, and maintaining your lot to a high standard.
Guaranteed Rent: $1,193.40 per month until 4/4/25. 3yrs Option to renew. If chose 5 year option rent will increase to $1432.08 on 1 Sept 2024.
Rent increases: Fourth quarter CPI is annually added to Monthly rental amount
Body Corp Fees (Admin & Sinking): $2,969 per annum
Brisbane City Council Rates due to short term tenancy(if not used for this purpose wont be this high) : $737.70 per quarter
Rental Appraisal $440 - $490 per week
Don't miss out on this exceptional opportunity. I look forward to seeing you at the open home or contact Megan today on 0439 941 501 for more details or to book your private inspection.
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective owner occupier purchasers should make their own enquiries and do their own due diligence in determining whether the 3 year option in the current tenancy is enforceable.