2/38 Johnston Street, Southport QLD 4215

Exquisite 119sqm apartment in boutique complex

Ideal property for 1st Home Buyers or exceptional investment opportunity for the discerning property investor with a net ROI of 5% approximately

This spacious one-bedroom apartment expands over a massive 119sqm and is located in a delightful sandstone complex which is only an 8 minute walk (1200m) to the Southport Broadwater.

Currently owner occupied, so the property is ready to move straight in vacant possession or rent out in flourishing rental market.

Home Features:

* Exceptionally large apartment with entertainment courtyard



• Ground floor position on George Street side of the complex

• Enormous king-sized Bedroom, Ensuite and Built-in Robes

• Spacious living and dining area flowing effortlessly out to the alfresco area

• Open plan kitchen overlooking the living areas with ample storage, stone benchtops and all modern appliances

• Separate built-in laundry includes a washing machine and dryer

• Split system and Reverse cycle air conditioning

• Secure underground carparking

• Common area entertainment area and BBQ facility at front of the complex

• Rental Appraisal $550 to $600 per week approx.

* Pet friendly complex

* FIRST HOME CONCESSION FOR TRANSFER DUTY

( https://qro.qld.gov.au/duties/transfer-duty/concessions/homes/first-home/ )



Location Features:



• Smith Street M1 Access 260m

• Broadwater 1200m

• Queen Street Village Shops 1000m

• Deluxe IGA (Jones & Co Grocer) 1000m

• G-Link 1000m

• Dendy Cinemas 1000m

• St Hildas 800m

• Southport State High School 1400m

• Gold Coast Aquatic Centre 1200m

• Australia Fair Shopping Centre

• Woolworths Smith Collective 2200m

• Gold Coast Private Hospital 3000m

• Gold Coast University Hospital 3200m

• Griffith University 3200m





Financials:



Net ROI of 5% approximately

Gold Coast Council Rates: Approx. $ 1,957.92 p.a.

Gold Coast Council Water Rates: Approx. $ 1,114.44 p.a.

Body Corporate Fees: Approx. $4,181.60 p.a.



Contact exclusive listing agent Michael Gambaro for all enquiries on 0450 822 001



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