Maximum returns, minimal maintenance and strong capital growth at unprecedented levels… We challenge you to buy better.
Facing north onto a beautiful expanse of sunny parkland is this superb block of 6 substantial apartments. Set in a highly sought after position within immediate proximity to world class Mermaid Beach, Pacific Fair shopping destination, Star Entertainment complex, The Convention Centre, the light rail link, Broadbeach and Nobby Beach social hubs.
In addition you benefit from local shops, cafes, dining, tavern and public transport at your doorstep.
A recent transformation has seen the implementation of significant improvements. The option to further enhance, whilst not essential would see additional up lift to the already high income generated, further increasing the total asset value.
3 x 2 bedroom, 1 bathroom, 2 car, garden courtyards
2 x 2 bedroom, 1 bathroom, 2 car, balcony park view
1 x 3 bedroom, 2 bathroom, 2 car, balcony park view
All apartments offer 2 vehicle accommodation, consisting of 1 single garage plus 1 single allocated parking space.
A variety of recently and previously installed enhancements are featured throughout, including:
* New and modernised kitchens and bathrooms
* New high quality flooring and window finishings
* New electricals, ceiling fans, lighting and appliances
* Airconditioning in all apartments, new TV aerial and NBN
* Fully repainted internally
* Full repaint externally, roof restoration, gutter replacement
* New modernised front entry doors and door set replacements
* Complete low maintenance designer landscape makeover
Only 1 of the 6 apartments still presents in a tidy yet original condition providing the scope for improvement in order to create an immediate or future value add opportunity with increased financial rewards. All 6 apartments are currently strata titled giving you the option to sell off individually at a later stage or dissolve the strata as a single line owner, eliminating Body corporate fees if you wish.
Occupying an extremely rare and highly sought after land holding, the complex is the recipient of an abundance of natural filtered light, cooling breezes and picturesque park views afforded by the uniqueness of its position and surrounding open space.
You are within easy reach of local and major shopping, on trend eateries, sporting and recreational clubs, aquatic centre, primary and secondary schools, Bond University, medical facilities, transport and the beach.
This is an unbeatable proposition in the highly desirable location of Mermaid Waters a prestigious seaside/waterfront suburb with an outstanding track record of capital growth at unprecedented levels.
Astute investors will be presented with an extremely low maintenance outlay option, coupled with high holding income alongside the scope to further increase returns and the assured exceptional financial rewards.
Current returns: $183,000 plus PA gross
Future predicted returns: $200,000 plus PA gross
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.