108 and 109/140 Ferny Avenue

Surfers Paradise, QLD, 4217

  • 2bed
  • 2bath

$135,000

Investment Only Bargain Buy

With a relaxing and tranquil atmosphere this spacious and open plan 2 bedroom dual key investment only unit, is the perfect set and forget about investment.
All apartments in this building cannot be lived in or permanently rented they must be holiday let by on-site management until the current lease expires in approximately 2022.
Once the current lease expires it will give the new buyers a fantastic reason to secure one now before the prices will rise in accordance.
With the lease that is in place, there are no outgoings (body corp, council and water rates, maintenance costs etc these are covered by Alpha Sovereign) and there is no income until the lease is up in just under 3 years.
This is purely an investment for capital growth. Buy now before the price rise!

-2 Bedroom, 2 Bathroom dual key apartment
-1st Floor
-South-East Facing
-Excellent condition
-Size: 114m2
-Gross Income: $35,130 per year
-Mangers fees and expenses: $29,019 per year
-Body Corporate: $6,420 per year
-Council Rates and Water: $4,429 per year

Alpha Sovereign is centrally located, just a 5 minute walk to the beautiful golden beaches of Surfers paradise, is close to shops and the light rail tram.
This resort has all the facilities that holidaymakers enjoy including a games room, fully equipped gym, spa, sauna, restaurant and bar.
*Owners available to stay up to 10 days per year