4/40 Margaret Street, Southport QLD 4215

Located central to everything Southport has to offer including parks, medical Centre and the Light Rail providing easy access to the Gold Coast Hospital, Griffith University, Main Beach & Broadbeach, this refreshing townhouse is nestled in a quiet complex of only 5 other homes and represents outstanding value for money. Perfect for the first home buyer or astute investor. There is currently a converted large third bedroom on ground level which once was the single garage, and this can be easily converted back to a single lockup garage if required.

In this location you will benefit from close proximity to all amenities, medical facilities, shopping and wide selection of schools and education options and of course the world famous Broadwater Parklands not to mention first class surf beaches just down the road!

Property Specifications:

- Quiet complex of only six townhouses
- Super low body corp
- Open plan lounge, dining and spacious kitchen
- Private rear courtyard with side access and electric awning
- Two large bedrooms upstairs plus bathroom
- Large third bedroom/office on ground level (with what was the single garage currently converted) easily made back to a lockup garage if required
- Freshly painted with new timber flooring throughout
- Currently Leased at $400 per week / $20,800 per annum until 3 October 2021
- Two reverse cycle air conditioners
- NBN connected
- End unit for space & privacy away from the street
- Spacious laundry & 2nd separate downstairs toilet
- Electric remote garage, currently configured as storage unit
- Bus Stop on your doorstep

Financials -
- Body corporate is approx. $38.15 per week
- Sinking fund balance as of 1 April 2021 is $7,101.25
- Council rates are approx. $1,850 per annum (depending on intended use)
- Water charges are approx. $1,476 per annum
- Current market rental appraisal is approx. $410-$430 per week
- Investors can expect a 4%+ "Net" Yield (total fixed costs are $3,364.15 PA)

Please contact Rob McGregor - 7 Days per week to arrange an inspection. 0448 208 810 - Face-time / WhatsApp inspections are available upon request.

DISCLAIMER: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.