27/108 Kennedy Drive

Blue chip investment in Tweed Heads. Two bedrooms, one bathroom, single garage in a secure complex. Currently returns a gross rental yield of around 5 percent. The location does the heavy lifting. Tweed Heads sits on the NSW/Queensland border with steady tenant demand from both sides. Vacancy rates stay tight. New supply is limited. The unit suits an investor after reliable income with low management overhead. Secure complex. Easy to lease. Easy to hold. PROPERTY FEATURES: -2 bedroom apartment, 1 bathroom, 1 garage - Air conditined bedroom -Excellent tenants in place till 30th November 2026 -First floor location means you reach a wider group of tenants especially the retirees -the complex is securely gated, with an in-ground swimming pool and BBQ area -this property also offers a secure garage with a roller door -there are a total of 27 rooms in the complex LOCATION: - Buses leave from the front door into Tweed. - Short walk to the Endless Summer Shopping Village or Ampol Service Station - Club Courtesy buses available for the local clubs - Potential for student accommodation with university close by and the international airport VITALS: -built 1980 -first floor location in a complex has a total of 27 units -low body corp. fee of $38.50 per week approx. -current actual rent is $590 per week -air conditioned - Rental Yield available on request -Sinking Fund $82,000 approx - internal 60 m2 - garage 15 m2 For inspections check open times or contact agent 07 55991905 Disclaimer: All information contained herein is gathered from sources we believe to be reliable. Local Realty Sales & Rentals and its staff will not be held responsible for any act or omission arising from the accuracy of such material. We cannot guarantee its accuracy and interested persons should rely on their own enquiries. Such enquires should include, but in no way limited & directed, to your legal representative, any local authorities, the Contract of Sale and in the event of a Unit, Strata Title or Community Title, refer to the Body Corporate, Community Management Statement & Disclosure Statement for any information on the property, Common Property & Exclusive use areas, that may directly or indirectly affect this property.