7/191 Warwick Road

Churchill QLD 4305

This 5 bedroom option includes one en-suited bedroom, a huge, shared bathroom and a decent sized living and dining area that comes off the kitchen. Painting, carpet and appliances have recently been done, so the unit is in excellent condition. Included in the sale is a full furniture fit-out that stays with the property, allowing the tenants to move into a fully furnished room and house.

All rooms are now leased, with a total return of $770 p/wk (4 x $150 p/wk and 1 x $170 p/wk). The current tenants are hoping to stay on long term while studying and thanks to the excellent on-site management, there is an extremely low vacancy rate.
This property does sit in a flood zone, but this unit has never flooded (2nd story). Insurance for the flooding is covered in the body corporate, and this includes loss of rent and rehoming costs.

Property Highlights:

5 bedrooms, 2 bathrooms, plenty of on-site parking for cars
Access to in-ground swimming pool & club house
On-site office and management
Walking distance to UniSQ
Close to Ipswich CBD, schools and shops
Near-by bus stops for easy transportation
Currently leased, 5 rooms, totalling $770 p/wk
4 x $150 standard rooms & 1 x $170 en-suited room
ICC Rates: $2,476 p/a
QUU Water: $1,440 p/a
Body Corporate (inc insurance): $7,700 p/a (before pay on time discounts)
Body Corporate (inc insurance: $6,825 p/a (with pay on time discounts applied)
Electricity: $2,000 (capped)
Approx rental management costs: $3,000
Complete furniture package included
Student accommodation only - no owner occupiers