132-138 Ferny Avenue, Surfers Paradise QLD 4217

Opportunities like this don't come up very often and this one must be sold urgently and is priced to sell today this dual key investment only apartment is located in the Australis Sovereign building.

All apartments in this building cannot be lived in or permanently rented they must be holiday let by on-site management until current lease expires in approx 2022.

Beach: Approx 200m
Bedrooms: 2
Bathrooms: 2
Car space: 0
Size: 113m2
Views: Garden and pool
Furnished: Yes
Air Conditioned: Yes
Facilities: Resort
Gross Income: $40,998*
Expenses:$10,590
Refurbishment fee:$820
Management Fees:$21,758
Body Corporate: $6,585
Council Rates/Water Rates: $3,444

Please note that there is currently a lease agreement in place for approximately 8 more years, meaning that you can't live in, privately rent out the property and during this period while under the leaseback, the apartment must be managed by the onsite managers.

Email us today for your full information "Facts Pack" also a copy of the contract with all leases and agreements can be emailed to you please ask for this in your inquiry.