Bargain Buying 1 Bedroom Investment Only Apartment
This is the deal you have been searching for with a central Surfers Paradise location. This large and spacious open plan 87m2 1 bedroom apartment is the perfect set and forget investment opportunity.
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 approx November 2022.
Beach: Approx 200m
Floor Height: 4th
Size: 87sqm approx
Views: Garden and hinterland
Air Conditioned: Yes
Facilities: Pool, gym, spa, games room onsite restaurants
Gross Income: 1st July 2018- 30th June 2019: $19,740
Expenses: $16,306 per year
Body Corporate: $5,079 per year
Council Rates/Water Rates: $4,474 per year
While under the leaseback agreement the current managers are responsible to cover the rates, water and body corporate along with managers fees out of the rental income making this a neutrally geared property that you can use up to 10 days out of the year*.
Please note that there is currently a lease agreement in place until 2022, meaning that you can't live in, privately rent out the property and during this period while under the leaseback, the apartment must be managed by the onsite managers.
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.
*Please refer to lease and management agreements.