2702/24 Queensland Avenue, Broadbeach QLD 4218

Rental Yield over 6% - Weekly Rent of $560pw.

The Phoenician is all about location and lifestyle. It is literally the beating heart of Broadbeach and owning or investing in this location offers numerous advantages. A quick trip down the lift and you are on Surf Parade with an abundance of restaurants and cafes, shopping at the Oasis centre, a 200m walk to the beach, a short tram ride to Pacific Fair or walk across the highway to the Star Casino. The abundance of choice and lifestyle options this location presents is what makes the Phoenician such a sought after destination. These factors also ensure above average occupancy rates and therefore great rental returns.

This fully air-conditioned one bedroom apartment on the 7th level of the North Tower has been recently updated with a new bathroom and wooden flooring in the living area and kitchen. The views overlooking the pool and hinterland from the spacious balcony provides a relaxing escape after a busy day. The Phoenician facilities are nearly as outstanding as the location. A large resort style pool, fully equipped gymnasium, indoor heated pool with spa and sauna, BBQ areas, kids wading pool and a games room to boot!

This opportunity is perfect for the seasoned or first time investor. As mentioned, the Phoenician boasts high occupancy rates due to its sublime location next to the Convention Centre and other Broadbeach attractions. There is also a long term lease in place at $535pw until September 2023.

Property Features:
• Fantastic location, close to beach, shops and cafes
• Great investment returns and strong occupancy rates
• Renovated bathroom
• New wooden flooring in living & kitchen area
• Large balcony off living and main bedroom with Hinterland Views
• Open plan living
• Long term lease in place at $560pw
• Secure parking with 1 car space
• Heated Indoor pool
• Large resort style outdoor pool
• Kids wading pool
• Sauna and Gymnasium
• Walk to all local amenities and beach
• Close to transport (G-Link)
• Complex on over 7,700sqm of beach side land

It would be a wise investment of your time to book an inspection now!!