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Sales and Purchases

Investments

Independent Licenced Real Estate Agent 07) 5594 0016 or 0403 050 255 (Terry) or 0403 382 046 (Mei)    Fax 07) 5594 0034

Consultancy

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E: terrymcmiles@bigpond.com W: www.terrymcmiles.com

Home Office: 1/6 Buddy Holly Cl. Parkwood Queensland Gold Coast  4214

About Terry

Investment Unit in a Complex with on-site Manager

Buying Enquiries

Parkwood Investment Townhouse in exclusive gated estate. 3 bedrooms 2 bathrooms upstairs, Open plan living and family room below, Internal access Garage with extra parking in front Ideal Investment or live in yourself, priced to sell . . . $324,950

Sellers Information

Contact Terry

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About Manage- ment Rights . . . Click here for explanation

Above is the residents pool, & below the internal road leading up the hill and around the bend to the Townhouse.

This is an exclusive "Boutique Estate" of just 22 homes, there is a manager on site, just 5 owners live here, and the balance of the single level Villas & 2 storey Townhouses are owned by Investors.  The Complex is approx 12 years old and has an excellent history of solid returns. The current tenant is paying $360 per week (average for the Complex) for the unfurnished Townhouse. High position in the Complex, plenty of trees, sunny private rear yard and the Unit is in excellent condition.

Fans in upstairs bedrooms and Master bedroom below left, has north facing balcony as well as ensuite bathroom (centre photo below). There is a 3rd toilet below.

The Townhouse has a very private rear yard, and body corporate by-laws do allow for owners to have a small pet. Rooms are all excellent sizes, & a coat of paint and general "spruceup" with new stainless steel stove to join the St.Steel sink just installed, will add $1000's of value. . . . .well worth an inspection. Late Note:  Owner will repaint throughout prior to settlement.

Interested parties please contact Terry on 07) 5594 0016 or 0403 050 255

This particular Townhouse has just come back onto the market (July 2010)  after being withdrawn after a sale fell through earlier in the year. It is one of the better positioned Townhouses in the development, having a higher position and with master bedroom facing North, and a larger than average private rear yard. There are other identical layout (or mirror reverse) townhouses in the Complex that are also currently for sale.  Contact on-site managers Terry 0403 050 255 or Mei 0403 382 046 for details of what the differences are, past history and what you should expect to pay.    Opportunities for both Investors and for owners wishing to move in.

Note regarding current Marketplace for Townhouses and Villas (as at August 2010): Most buyers will be aware that there are quite a lot of properties on the market in the northern end of the Gold Coast in the $250,000 to $350,000 price bracket.  Investors as well as home buyers will also be aware that there are more factors to be taken into consideration when assessing value than just price alone. For Investors, net yields on these type of investments will be only 3.25% to 3.5% after all costs. Montessa Heights has a history of better than average rents (average currently $360 per week), thus ensuring that returns will be in the higher end of the scale compared to surrounding suburbs of Arundel, Labrador, Biggera Waters, Helensvale, Southport, Molendiner and Ashmore. Investors and Home Buyers will also be aware that they need to assess the future capital growth potential in whatever they consider buying.  Here you will see that "Montessa Heights" shines! Unlike much of the competition in this lowest price area of the Northern Gold Coast, "Montessa Heights" is a small "boutique" style of Complex with just 22 duplex Villas and duplex Townhouses, each with its own exclusive use private rear yard which compares very favourably with other Complexes of 60 to 100 units, often cramped together in rows of 4 and more and most times with very little resident privacy. These type of properties are not attractive to live-in owners, and will always be predominently rental accommodation and likely to show minimum capital appreciation. Maximum Capital Gain will always come from small Complexes (it is simply a more attractive way to live than in cramped large estates) and "Montessa Heights" is one of the most attractive small boutique style Complexes in the area. There are a lot of other factors which in the long run will prove to be huge money savers for Montessa Heights owners. One example is in the Bathrooms and Kitchens.  Here we have white tiles, which never date or go "out of fashion" - contrast this with other Units you will see where invariably, expensive upgrades will sooner or later be necessary. Another advantage is the type of Body Corporate plan that "Montessa Heights" is under. Here you will not be called on for thousands of dollars contribution when painting is due. This is all taken care of by the Boidy Corp sinking fund which currently stands at in excess of $90,000 and will more than cover the exterior painting scheduled for 2011. We urge you to contact Terry and make sure you don't buy in the area before inspecting "Montessa Heights" . . . .  it really is one of the long term smartest investment options currently available!