1/41 Watson Esplanade, Surfers Paradise QLD 4217

This property enables the owner to derive two incomes from the one property with two separate lease agreements in place.

The benefits of this type of investment includes paying only one lot of water & council rates, one body corporate levy etc. whilst enjoying two separate incomes.

It also spreads the risk when one of the tenants vacates as cash flow will continue from the other tenant.

Unit A - is the larger of the two with full kitchen & bathroom one large living room with bedroom nook including a built-in robe

Unit B - includes a separate bathroom & laundry facility, benchtop cooking, large living area bedroom nook and built-in robe.

The units have direct access to the balcony & overlook the resorts inground pool.
High tenancy demand area - short walk to light rail - Surfers & beach.
Size of the lot 801 sq mtrs
Zoned high density residential
Two street frontages
Corner of Leonard Ave & Watson Esplanade Surfers Paradise
9 units in complex on two levels only
Unit A rent is $265 per week lease expires 18th July 2018
Unit B rent is $250 per week lease expires 19th November 2018
GAR = $26,780 / PPX 8.00 Percent Gross
Water appx $1,500 p/a
Council appx $1,679 p/a
Body corporate levies $3,924 p/a