27 Stapylton Street, Coolangatta QLD 4225

Rare to the market is this complete block of four units centrally located only 850m to Coolangatta Beach. Vacancy rates in Coolangatta are well below the Real Estate Institute of Australia's 3% benchmark, and this highly sought-after area has trended below 1% for the last 17 months. With international borders having just opened to foreign workers and students, investors can be confident of a beneficial investment with such high rental demand.


Features of the property include:

• Unit 2 occupies the entire upper level with three bedrooms, spacious living and dining, bathroom and separate W/C, kitchen, rear sunroom and covered front verandah
• Unit 1 has been fully renovated with one bedroom, kitchen and bathroom
• Unit 3 has one bedroom, kitchenette and bathroom
• Unit 4 is accessed from the rear of the property and has outdoor sitting area overlooking the yard, kitchenette, living area and large bedroom with walk-in robe
• Not flood affected
• Double carport
• Communal laundry
• Character features include timber hopper windows, polished timber floors and rock walls

Renovations to the property include full external painting and new roof with scope for further refurbishments to maximise your rental income. In a prime elevated position, it is only a short stroll to the heart of Coolangatta with an abundance of cafes, dining options, boutique shopping and world class surf breaks. It is also only a 5-minute drive to Gold Coast International Airport and Southern Cross University. Don't miss this fantastic opportunity to secure this sound investment opportunity where capital growth is assured.