An opportunity to bag a trifecta of units for just $5 could mean earning $87,460 instantly.
The South East Queensland trifecta of units — one on the Gold Coast, one in Brisbane and the third in the Sunshine Coast — are worth $2.3 million with an estimated rental income stream of $84,760 a year.
Combined with $425,000 in gold bullion, they’ve been put forward as an instant portfolio prize in the newest RSL Art Union draw.
“You could live in one and holiday in the others, rent all three for an estimated $84,760 yearly income, or sell them all for millions,” was how the organisation which provides critical funding support to veterans described it.
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A spokeswoman told The Courier-Mail that the Queensland trifecta was “inspired by RSL Art Union’s founding heritage”.
“Over the years the public has continued to demonstrate that if they aren’t already living in Queensland, then either want to or love to holiday here,” she said.
“The prize really showcases all that South East Queensland has to offer with a home in Brisbane, the Gold Coast and the Sunshine Coast. All the homes have waters views so the lucky winner can enjoy the best that Queensland has to offer with the city, surf and sunshine.”
Also thrown in was a $20,000 travel voucher and a $5,000 maintenance voucher.
All the apartments have two bedrooms, two bathrooms, a single car park, airconditioning and are in complexes with pools.
The Brisbane luxury unit, the smallest at 91sq m is in bustling Margaret Street with views across the Botanic Gardens and the river, and a stone’s throw from parliament and the Queensland University of Technology.
It’s estimated the apartment can bring in $31,200 in rental income a year — or about $600 a week rent. Rates, water and body corporate have been paid for 12 months as well as legal transfer fees.
The Gold Coast waterfront apartment is in Biggera Waters home and the largest of the three at 109sq m. It’s in a complex with a heated pool and communal entertainment space and has $37,285 worth of furniture and electrical appliances. It can draw in $30,160 a year in rent, or about $580 a week.
The Sunshine Coast property is beachside at Caloundra and is 107sq m with stunning views across Bulcock Beach, Pumicestone Passage and the Glass House Mountains.
It has $48,322 in furniture and electrical appliances, and an estimated annual rental return of $23,400.
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