Level 17/1705/4 Wahroonga Place, Surfers Paradise QLD 4217

Welcome to 1705 AVALON, your ultimate luxury riverside residence.
Located on the 17th floor, this 2 bedroom apartment offers 180 degrees of breathtaking views of the Nerang River overlooking the gut of the river, the Broadwater and the hinterland.
Fully renovated and interior designed to maximize use of space boosting minimalism yet a sense of luxury. Engineered timber flooring throughout, Feature TV wall with built-in mounted Television. The kitchen is fitted with an elegant stone benchtop, brand new tapware and Miele appliances, Tinted Glass Splashback.
Only 16 Years old, the Avalon Riverside apartment was developed by the renowned Sunland Group. Residents can enjoy the resort style facilities including a heated outdoor lap pool, gym, sauna, spa, theatre and much more, while the body corporate rate is only at approximately $89 per week.
Located in the riverside of Surfers Paradise, the Avalon apartment is away from the hustle and bustle of the central district (no schoolies), while being close to whatever activities your heart desires, from the world famous beach and the luxury shopping at the Pacific Fair.

Proximity:
1 min walk to Bus stops and Hopo Ferry Station
2 min walk to Circle on Cavill Shopping Centre (Woolworth and restaurants)
4 min walk to Cavill Avenue G:Link Station
7 min walk to the Beach
8 mins drive to Pacific Fair, The Star Casino
10 mins drive to Seaworld & The Spit
30 mins drive to Gold Coast Airport
The renovation has just finished and the property is currently vacated and ready to move in/rent out. Investors can enjoy a return up to 6.2% return on investment while benefiting from the exponential growth of the Gold Coast property market.

Rents & Fees:
Market rent: $670 - $750 per week
Gross Return: Approx. 6.2%
Council Rates and water: Approx. $3,200 p.a
Body Corporate: $4,238.4 p.a inc insurance
Sinking fund: $1,909,394.84 as at 16/03/22
ABOUT SURFERS PARADISE (CoreLogic):
Median unit price change last 12 months: 13.33%
Weekly median advertised rent: $800pw

*1 Bedroom to 1 + MPR - Conversion Renovation