1/24 Frederick Street, Surfers Paradise QLD 4217

This neat and tidy two bedroom unit is positioned just 150 metres to the beach on the ground floor of a small brick and tile building of only five apartments. The future redevelopment potential here is sky high, making it a no brainer for both new and seasoned investors. Small blocks of units so close to the beach are scarcely found and the opportunity to buy into them must not be missed.

- Kitchen overlooks living and dining space
- Two bedrooms both with robes
- One large combined bathroom & laundry
- Separate toilet
- Secure covered outdoor courtyard/balcony
- Single car space
- Ground floor (no stairs)
- Units in complex: 5
- Total Land Share: 551m2
- Rental Return: $285 per week
- Lease Expires: 02/02/21
- Rental Appraisal: $300 - $350 pw approx.
- Body Corp: $50.80 pw approx.
- Council Rates: $2,319 pa approx.
- Sinking Fund: $15,016.24 approx.

The apartment is in good condition (although a quick refurb would add instant value/increase the return of your new asset) and currently has an excellent tenant in place. The location is second to none - walk to the beach in mere seconds, the Northcliffe Light Rail Station is two streets away and the Surfers Paradise shopping, restaurant and nightlife precinct is well within walking distance. Get in quick because properties with this kind of potential do not last!

For more information, please do not hesitate to contact The Sam Westaway Team on 0404 901 465.

Advertising Disclaimer: In preparing this property for sale we have used our absolute best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.