At this address is a unit located on a lot in 1/BUP4489 Labrador QLD. Data from comparable sales value it at about $260,000. Constructed in 1980, featuring 2 bedrooms, 1 bathroom.
INVESTORS MUST NOT MISS THIS IS OPPORTUNITY. STRONG RENTAL INCOME SO CLOSE TO WATERNew paint, upgraded kitchen, improved bathroom, new window dressings, fresh carpet and vacant - this unit has had the full treatment and must be sold ASAP. A ground floor unit in a quiet complex of 8 and just meters to the glistening Broadwater makes this opportunity too good to ignore!IMPORTANT NUMBERS YOULL WANT TO KNOW* Internal 60m2; External 5m2* Rates $868.20 (6mths); Water $320.34 (3mths)* Body Corporate $49.17* (per week); Sinking fund $15,928.64 (as of 9/12/18)* Rental/Estimate $350 per week*** Number of apartments 8YOUR NEXT LABRADOR UNIT GIVES YOU OPTIONSIt's a time tested fact - Units in waterfront suburbs are assured rental earners and with a low Body Corporate fee, youll pinch yourself for being so astute. Or maybe long-term growth is your strategic preference Location, location* Broadwater location ensures capital growth over time;* Secure rental potential;* Amazing position to enjoy a life with style.OUTSTANDING PROPERTY FEATURES* Newly upgraded with fresh paint, bathroom vanity, window dressings and carpet;* Compact open kitchen with engineered stone benchtops* Secure building* Lifestyle location* Residents private allocated undercover parking* Private verandah* Ample visitor parking* Security screens on all windows and sliding doors, intercom entry* Internal laundry* Double brick constructionINCREDIBLE LIFESTYLE BENEFITS* 150m to the pristine Broadwater, cafes, dining and entertainment* 2.4km to Australia Fair* 9.8km to Broadbeach/Pacific Fair/Star Casino* 50m to public transportABOUT THIS HOME/PROPERTYWhen was the complex built? 1979This petite unit has been a wonderful home and investment for the seller but with the growth of their family, it is time to pass it on to the next lucky owner. Located just a brief stroll to the magnificent Broadwater, the unit affords an unrivalled lifestyle.WHAT IS HAPPENING IN LABRADORRental demand continues to be a powerful attraction for investors in the revitalised Labrador. Major developers including one of Australia's largest, Sunland, have reinvested in Labrador due to the immense potential and opportunity of a suburb framed by the Broadwater.There were 505 unit sales in Labrador over the last 12 months (2018). This is a continuation of annual declining sale volumes since the peak in 12 months (2017) of 624.Unit price growth has trended up since June 2016 but the growth rate declined over the last 12 months, with 0.28% growth in the 12 months to June 2018.Units in the $275,000 - $325,000 price range have held steady over this period as the stock typically is positioned well as an accessible entry price, which is so important for real estate.So, what does all this mean for you, as a buyer? Well, with such sales volume it means the apartment market is active in Labrador, which is a good thing. Buyers have proven ready to acquire a home or an investment in the area, so liquidity over time is certain for well-priced properties.ANYTHING ELSELike a loyal puppy, Labrador has been one of the Gold Coasts mainstays. There is untapped potential in Labrador and this has been recognised by Australia's biggest developer Sunland. Recently completed highrise developments (Coast) and new one's breaking ground (Summit, 372 Frank, 180 Marine) prove this is a suburb on the up and up.Visitors flock here for the great range of accommodation, cafes and high-end restaurants. Sitting just north of Southport and just south of Biggera Waters, Labrador is popular for its calm waters, peaceful parks and views out to South Stradbroke IslandDisclaimerDisclaimer: The information contained herein is obtained from owners and/or relevant and legitimate third-party sources. We have, in preparing this information, used our best endeavours to ensure that the information is true and accurate however, we accept no responsibility, offer no guarantee or warranty and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Interested parties must rely solely on their own inquiries to verify the information contained herein.* Body Corporate levy assumes pay on time discount of 20%** Previously achieved $335 for 12 month lease 2018 prior to renovation