This property is a unit on a lot in 23/SP215110 Southport QLD. Based on comparable properties, we estimate its value at $135,000. Built in 2008, with 1 bedroom and 1 bathroom.
FANTASTIC INVESTMENT - BETTER RETURN THAN THE BANKS!! NEAR NEW AND MODERN 1 BEDROOM APARTMENT WITH VIEWS, BALCONY & AIR CONDITIONINGThis one bedroom apartment is only five years old and located in the heart of Southport within walking distance to the new light rail station and all conveniences!This apartment has been designed and built to offer affordable modern living for singles and couples while providing investors a strong income return along with potential for future capital growth.Investors are provided guaranteed income with a 10 year NRAS lease in place which has 5 years remaining and expires just in time for the Commonwealth Games in 2018.This property is providing the current owners with a NET income of more than $15,000 per annum after all expenses and outgoings including body corporate levies, council rates and property management fees.Under the existing NRAS scheme the owners receive an annual incentive payment of $10,000 per annum which is CPI adjusted and continues during the term of the 10 year lease.This apartment offers the following features:* Open plan fully tiled living area on the second level with uninterrupted views* Modern kitchen with all appliances: fridge, dishwasher, microwave, range hood, cook top and oven* The kitchen has stone bench tops and splashbacks throughout* Double carpeted bedroom with built-ins* Combined bathroom and laundry with washing machine/dryer* 10sqm tiled north facing balcony* 2 split system air conditioner* Secure allocated basement car parking space* NRAS rental income (guaranteed even if vacant) $1,081 per month* Additional NRAS annual incentive payment $10,350 CPI adjusted* Low Body Corporate Fees at $2,620 per annum* Council Rates $1,459 per annum* Water Rates $1,056 per annum* 10 Year NRAS Lease in place to 2018This apartment is situated in a fantastic part of Southport within walking distance to all amenities:* 100 meters to Smith Street giving direct M1 access to Brisbane and Coolangatta* 500 meters to the beautiful Southport Broadwater Parklands* 600 meters to the Southport CBD and Australia Fair Shopping Centre* 800 meters to Southport Gold Coast Medical Precinct* 2.5 km to Griffith University and the new Gold Coast University HospitalTHIS PROPERTY IS PRICED TO SELL!!To inspect this property, please contact the agent today!