A unit in 9/BUP898 Surfers Paradise QLD. Similar properties have sold for approximately $295,000. Constructed in 1970, featuring 2 bedrooms, 1 bathroom.
Surfers Paradise Investment Gem! Spacious, single level ground floor villa is ideal to live in or a great investment. With two bedrooms, one bathroom and single lock up garage on a block right on the water in the heart of Surfers Paradise. The Townhouses on Peninsular Drive are the perfect investment property with direct water access and with potential future complex development opportunity on the 2,635sqm waterfront parcel of land.This property is perfectly located for the ultimate Gold Coast lifestyle! Just minutes by walking will have you in the heart of Surfers Paradise which boasts some of the very best cafes, restaurants, night life and beaches in Australia. Golden opportunity for owner occupiers or astute investors.Key FeaturesOnly 14 apartments in the complex 2 bedroom, 1 bathroom, single level villa, 113sqm approx.Partly renovated throughout Spacious open plan designPrivate undercover patio and front courtyardSingle lock up garage with internal accessCurrently leased at $400 per week till 2 September 20197% yield, return for investors (Approx.) Low Body Corporate approx. $34 per weekComplex is on the waterHigh potential for redevelopment with 2,635sqm approx.Zoned High density - RD8