121/132-138 Ferny Avenue

Surfers Paradise, QLD, 4217

  • 1bed
  • 1bath


Investment Only

This beachside 1 bedroom apartment is the investment opportunity you have been looking for. The apartment currently has a lease' attached to it whereby the owners must holiday let the apartment through the on-site managers, however, can use the property for up to 10 days a year for a minimal fee. The lease is due to expire in November 2022 and after this, the unit can only be holiday let out.

  • 1 Bedroom, 1 Bathroom Apartment
  • Excellent condition recently refurbished
  • Views: City and Garden Views
  • Size: 98m2
  • Floor: 1st floor
  • Location: Centrally located with the beach, shops and transport all close by - this is a very popular complex for tourists
  • Gross Returns: $22,788 2018-2019 financial year
  • Mangers fees, cleaning and replacement fund: $18,824 per year
  • Council rates and water: $4,338 per year
  • Body Corporate: $95.86 per week
  • Facilities: lagoon-style pool, spa, sauna, fully equipped gymnasium, games room, onsite restaurant

The unit can only ever be holiday let or used for short-term accommodation you can't live in the unit or permanently rent the property out.
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.