This Fully Furnished Studio Apartment on level 8 boasting northerly breezes & uninterrupted views plus a secure, allocated, undercover carpark, is located in Springwood CBD's locally-owned & operated Gloria Hotel & Apartments. It offers an amazing opportunity for down-sizers or those looking to invest in the property market (with low vacancy rates and a great approx. rental return of approx 5.5% pa gross*). With a good rental return of $425 per week, the current tenant's lease is till 11 May 2024, giving you time to ponder your options in terms of relocating or continuing on the lease with these fantastic tenants. Fully air conditioned for year-round comfort, it offers a spacious bedroom with a built-in wardrobe and enough room for a 2nd TV area. There is also a light-filled open plan lounge/dining area that is carpeted for comfort, and a fully-equipped kitchen with lots of storage and bench space that's ideal for prepping delicious meals that can be enjoyed solo or with company on the private balcony. The bathroom/laundry features floor to wall ceiling tiles with a bath/shower combo and a washer and clothes dryer. There is also the added bonus of the hotel's facilities, including a gym, a communal BBQ/entertaining area and a sparkling lap pool for cooling off on hot summer days. The American Bourbon Bar & Grill downstairs serves up a delicious menu of burgers, steaks, wings and Cajun and Hawaiian cuisine from 5.30pm, Tues to Sat. Lots of off street parking and a number of visitor parking underneath the hotel too. Location-wise, it is close to schools (John Paul College, St Edwards Catholic Primary, Calvary Christian Primary and Springwood Central State Primary & Secondary Schools), parks (Tallowood Park with a lovely picnic area), shopping (IKEA, Logan Megan Centre, Chatswood Central Retail and both Springwood Shopping Centres), and Logan Hospital, TAFE and University. Brisbane CBD is only a 25-min drive away and the Gold Coast beaches 40 mins away. PROPERTY FEATURES: + Ideal for busy executives, 1st home buyers, down-sizers or those looking for a good & easy investment + One-bedroom Studio Apartment with one bathroom (ensuited) and a secure undercover carpark + Will be sold fully furnished (please ask for a copy of the inclusions) + Fully air conditioned + Spacious bedroom with built-ins + Open plan lounge/dining area + Fully-equipped kitchen with lots of storage and bench space + Private balcony with uninterrupted park and urban Springwood views + Bathroom/laundry with a bath/shower combo, washer and clothes dryer + Hotel facilities including a gym, a communal BBQ/entertaining area and lap pool + Restaurant set within the complex - American Bourbon Bar & Grill This well maintained apartment currently has a fixed -term tenant and the rental income is $425 per week till 11 May 2024. Homeowners can also look at purchasing as well as the tenants are open to moving to a different apartment within the hotel. It is your great chance now, look no further, call Johnson Teo on 0422 804 811 for your private inspection and for him to help you buy this property… Hurry! PS: When you come for the inspection, please park your car in one of the off street parking or one of the designated visitor car lots underneath the apartment hotel and I will be waiting for you at the front reception entrance to show you up to your gorgeous studio apartment. * Gross Approx Rental Return of 5.5% per annum is based on the current rental income of $425 per week over 1 year and a purchase price of $400,000. Disclaimer: All information contained herewith, including but not limited to the general property description, price and the address, is provided to Ray White Springwood & Shailer Park by third parties. We have obtained this information from sources we believe to be reliable; however, we cannot guarantee its accuracy. The information contained herewith should not be relied upon and you should make your own enquiries and seek advice in respect of this property or any property on this website.