Situated in a highly sought after pocket of Southport is this block of four townhouses on a massive 1,151m2 allotment. This is an extremely rare opportunity to purchase four separately titled properties with a strong rental return offering a great investment opportunity.
Boasting 3 x 4 bedroom and 1 x 3 bedroom townhouses all with open plan living and dining areas which adjoin a large kitchen which all open out to a secure courtyard. All bedrooms are upstairs with ensuites and additional bathrooms with a separate laundry. All townhouses have their own carports which have the opportunity to turn into fully enclosed garages. This block is fully leased for immediate returns plus the confidence of remaining a strong investment with vacancy rates at 0.7% throughout Southport.
All this, only moments to The Southport School, St Hildas, multiple shopping centres including Ferry Road Markets, Queen Street Village, Via Roma and Southport Park, the dining and entertaining precincts of Southport, Isle of Capri and Sorrento plus a short drive to the Gold Coast's most famous beaches. Inspect this property today, as it certainly will not last long!
Current Leases & Outgoings:
Unit 1 - $620/week till 06/07/2025 - ($32,240/year)
Current Rental Appraisal - $780-$830
Council Rates - $2,544.25pa
Water Rates - $1,373.60pa
Unit 2 - $640/week till 03/07/2025 - ($33,280/year)
Current Rental Appraisal - $780-$830
Council Rates - $2,544.25pa
Water Rates - $1,506.92pa
Unit 3 - $640/week till 06/09/2025 - ($33,280/year)
Current Rental Appraisal - $780-$830
Council Rates - $2,544.25pa
Water Rates - $1,640.72pa
Unit 4 - $600/week till 28/09/2025 - ($31,200/year)
Current Rental Appraisal - $700-$750
Council Rates - $2,544.25pa
Water Rates - $1,964.88pa
Rental Projection (Appraisal): $3,125/week - $162,500/year
Total Gross Return: $2,500/week or $130,000/year
Total Outgoings: $320.44/week or $16,663.12/year
* Owners state all written offers will be considered prior to auction
* Buy four separately titled townhouses
* Presents excellent value in a blue chip location
* Great position situated on a large 1,151m2 block
* Sensational investment opportunity with renovation potential
* 4 x 3-4 bedroom townhouses currently returning $130,000 p.a.
* Low maintenance property in a peaceful neighbourhood
* Excellent location very close to local amenities
* Golden opportunity - Inspect today!
Location:
Southport State School - 0.6km
Gold Coast Light Rail Stop - 0.9km
St Hildas School - 1.3km
Ferry Road Markets - 1.7km
Keebra Park State School - 1.8km
Southport CBD - 1.9km
The Southport School - 2.1km
Australia Fair Shopping Centre - 2.1km
Broadwater Parklands - 2.2km
Southport Park Shopping Centre - 2.6km
Gold Coast Private Hospital - 3.1km
Griffith University - 3.3km
Gold Coast University Hospital - 3.7km
Main Beach - 4.1km
Marina Mirage - 4.6km
Surfers Paradise - 4.9km
Pindara Private Hospital - 5.5km
Disclaimer:
In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own inquiries to verify the information contained herein.
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
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