2/125 Pappas Way, Nerang

A unit in 2/GTP3077 Nerang QLD. Data from comparable sales value it at about $250,000. Built in 1992, featuring 2 bedrooms, 1 bathroom.

ABOUT THE PROPERTY

Bedrooms
2
Bathrooms
1
Car spaces
2
Land size
103 m2
Building size
95 m2
Council area
Gold Coast City - Albert
Year built
1992
Lot plan
2/GTP3077 Nerang QLD
House type
Unit: Townhouse/Villa



HISTORY

Last sold 12/04/2016
$225,000



LISTING DESCRIPTION
as of May 2016

Seeking the easy life This well appointed townhouse is in a wonderful location in a stunning complex: it will not last long! So if you are looking to add to your portfolio this would provide a great rental return for the astute investor or a perfect start for the first home buyer! This quality townhouse is located in what is widely regarded as one of the best complexes in the area featuring 2 spacious bedrooms with built-in robes, bright and airy open plan living/dining area plus a downstairs toilet and laundry. Outside you'll find a private leafy yard.Ground Level Features:-kitchen that streams out to a tidy courtyard-Open-plan kitchen/dining/lounge-Separate toilet and laundry-Courtyard- Air-conditioning-Single Carport & extra allocated car spaceUpstairs Features:-2x bedrooms, master with air-con-Bathroom-Built-ins in both bedrooms and ceiling fans-Linen cupboardCentral Carrara location:Backing onto sporting fields and parkTropical in-ground pool in compleSecurity gated entranceLow Body Corporate Approx- $46 a weekWater approx-$343 for 3 monthsRates approx-$784 for 6 months"The current rent has not been increased in the past two years. At the current rental, it would see a return of approximately 5.9% yield with a 20%deposit- serious investors will know that's unheard of at the Gold Coast in today's market and that there is plenty of room for improvement".-4.2km to Nerang Train Station- 850m - 1.3km to North and South on-ramps of the M1 (Pacific Motorway)- 250m to nearest bus stop (Neilsens Rd)- 9.1km to Broadbeach and surrounds- 3km to Nerang Shopping Mall- 2.4 km to nearest State Primary School- 4km to nearest State High School- 2.9km to nearest Private School- 3.3km to Metricon Stadium (home of the GC Suns -AFL)- 5mins by train to CBus Super Stadium (home of the GC Titans NRL)- 3.3km to proposed Commonwealth Games Shopping/Restaurant PrecinctWith plenty of extra guests parking. This complex offers a sparkling resort style swimming pool and BBQ area, beautifully landscaped gardens plus a low body corporate.This is a perfect starter home, great lockup and leave or investment property. It's time for easy living. Be quick!!Property Code: 977