At this address is a unit on a parcel in Surfers Paradise QLD. Based on comparable properties, its value is $145,000. The local government is Gold Coast City, featuring 1 bedroom and 1 bathroom.
Bargain Buying 1 Bedroom Investment Only Apartment Wow this top floor 1 bedroom investment only unit with stunning views and a large and spacious open plan living is the perfect set and forget investment opportunity.All apartments in this building cannot be lived in or permanently rented they must be holiday let by on-site management until current lease expires in approx 2022. Apartment: 730 Beach: Approx 200m Bedrooms: 1 Bathrooms: 1 Floor Height: 7th Aspect: South / West Size: 65sqm approx Views: River, Hinterland, and Surfers City skyline Furnished: Yes Air Conditioned: Yes Facilities: Pool, gym, spa, games room onsite restaurants Gross Income: 1st July 2015- 30th June 2016: $21,008 Expenses: $10,072 Refurbishment fee: $420 Management Fees: $6,445 Body Corporate: $4,495 Council Rates/Water Rates: $3,116While under the leaseback agreement the current managers are responsible to cover the rates, water and body corporate along with managers fees out of the rental income making this a neutrally geared property that you can use up to 10 out of the year*.Please note that there is currently a lease agreement in place until 2022, meaning that you can't live in, privately rent out the property and during this period while under the leaseback, the apartment must be managed by the onsite managers.Email us today for your full information "Facts Pack" also a copy of the contract with all leases and agreements can be emailed to you please ask for this in your enquiry.*please refer to lease and management agreements.