23.1.2020 - AUCTION HELD AT SOFITEL BROADBEACH, LEVEL 3. REGISTRATION STARTS 5:30PM, AUCTIONS COMMENCE 6:00PM. FOR AN ORDER OF SALE PLEASE CALL.
Is this the best positioned, 6 two bedroom, single-titled apartment building on the southern Gold Coast?
6 Talle presents an outstanding investment opportunity with strong capital growth and development upside; a far better return than any bank can offer - the perfect scenario!
A massive opportunity on offer to secure a $2500^ per week income from a perfectly positioned apartment block with excellent tenants in place who are all happy to stay on should you wish. U5 receives a discounted rent ($450 normal, reduced to $370) to take care of the grounds and ensure everything runs smoothly - it's a great arrangement that suits everyone.
The Manager's Office on the ground floor is not utilised so there is opportunity to generate further income, it's a must inspect to see how you could generate even more!
The building was stripped back and renovated in 2017 (including a new roof, kitchens, bathrooms, and much more), so it's got many stress-free income-producing years ahead - further detail provided in the Information Memorandum.
It's hard to beat the location, just metres from the pristine shores of Palm Beach, Tallebudgera Creek, and a short walk to heart of Burleigh Heads' famed James Street dining precinct and headland; there is always strong demand for these apartments.
The property sits outside the scope of the current owners plans and as such they've committed to selling on or before auction, so call today to arrange a private inspection before this opportunity is lost.
Full Information Memorandum available upon request.
OPEN HOME - Please arrive on time, 12.00pm, as each apartment be opened individually.
6 x 2 bedroom, 2 car (1 car garage + laundry/storage, 1 car space), 1 bathroom
Type A 103m2 - Living 62 m2 Balcony 10 m2 Garage 31 m2
Type B 125 m2 - Living 84 m2 Balcony 10 m2 Garage 31 m2
Building:
Suspended slab and rendered brick (almost every internal wall is solid rendered brick)
Manager's Office + car space (Not currently used)
Building fully renovated in 2017 (bathrooms, kitchens, laundries, new roof, plus more)
Excellent tenants, all happy to sign leases to stay on
Currently self-managed by owner
549 m2 corner block
Zoned Medium Density Residential RD5 - 1 bedroom per 50 m2 - 29m Height Limit
Location:
200m to the beach
400m to bus stops (north/south)
500m to Tallebudgera Creek (Australia's favourite swimming spot)
2km Burleigh Heads CBD - James St, Burleigh Pavilion
2.5km Palm Beach CBD - Palm Beach Collective
7km Varsity Lakes Train Station (Direct to Brisbane CBD)
8.5km Broadbeach - Pacific Fair, Casino
9km Gold Coast International Airport
12km Surfers Paradise CBD
Financials:
Income: $2420p/w or $125,840p/a (or full rate at $2500^ p/w or $130,000 p/a without U5 maintenance duties)
Outgoings:
Rates: $6,147p/a
Water: $4,856p/a
Insurance: $2,023p/a
Common Electricity: $620p/a (external building lighting)
*All figures are approximate and to be used as a guide only
^Currently $2420 as U5 tenant has a reduction of $80 per week to maintain grounds and tenant relations
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.
We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. * denotes approximate measurements
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