We challenge you to buy better…
Positioned only 200m from the beautiful Broadwater is this substantial block of 12 apartments, on a prime 1889m2 future re development site returning $232,180 pa.
Astute buyers have a myriad of options available to them…
The current owner has made progressive improvements to the majority of the apartments, however the option to enhance 5 of the more original style apartments would see a significant up-lift to the already high income received. You also have the opportunity to build additional apartments on the existing site to further increase returns and immediately increase the asset value.
4 x 1 Bedroom 1 Bathroom
8 x 2 Bedroom 1 Bathroom
With all apartments have an allocated undercover car park.
You are within easy reach of local and major shopping, waterfront dining and cafes, schools, Griffith University, GC Hospital, public transport, sports clubs, GC Aquatic Centre, waterside parks and recreational zones.
An unbeatable proposition, with the well established seaside suburb of Labrador being a key target growth area for the city. This rare land banking opportunity will present you with high holding income and the assurity of exceptional financial rewards from the viability of future re-development.
* 12 apartments on one title. No Body Corporate
* 4 x 1 Bed 8 x 2 Bed 12 car accommodation
* Annual gross income $232,180
* 1889 m2 block with 28m frontage
* enormous potential for rental increase
* enormous potential for future re-development
We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracy or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.