3 Fourth Avenue, Labrador, QLD 4215

This property is situated in the highly sought after pocket of 'Chirn Park', Labrador. It is an extremely rare opportunity to purchase a property with such a strong rental return presenting a great investment opportunity.

Upon entering through the foyer on the ground floor, the first flat contains a spacious bedroom with built-in-robe, massive open plan living and dining area attached to the kitchen opening out to the covered alfresco and backyard. There is also a bathroom, laundry and a large triple secure garage with storage.

The second flat is located on the first floor, boasting four large bedrooms with built-in-robes, bathroom, separate powder room and a massive open plan living and dining area with an island benchtop all flowing out to a covered balcony with skyline views.

The third flat is located on the second floor with a kitchen, large studio style living/dining area with views of the city skyline, bedroom and ensuite. This block is fully leased for immediate returns plus the confidence of remaining a strong investment with vacancy rates at 0.7% throughout Labrador.

All this in a very quiet and private street, only moments from local schools, shopping centres, popular cafes, dining and entertaining precincts as well as several beaches only a stone's throw away. Inspect this property today, as it certainly will not last long!

Current Leases & Outgoings:

Lease 1 - $595/week till 19/05/2025 - ($30,940/year)

Lease 2 - $975/week till 19/05/2025 - ($50,700/year)

Lease 3 - $550/week till 14/04/2025 - ($28,600/year)

Council Rates - $3,450.08/year

Water Rates - As Per Usage (Previous Rates Notice $975/year)

Total Gross Return: $2,120/week or $110,240/year

* Owners state all written offers will be considered prior to auction

* Excellent investment opportunity in the blue chip location, Chirn Park

* Low maintenance property in a peaceful neighbourhood

* Excellent location very close to local amenities

* Golden opportunity - Inspect today!

Location:

Chirn Park - 0.3km

Southport State High School - 1.0km

Musgrave Hill State School - 1.2km

Boat Ramp - 1.6km

Broadwater Parklands & Aquatic Centre - 2.1km

Gold Coast Light Rail Stop - 2.3km

Smith Collective Shopping Village - 2.3km

St Hildas School - 2.4km

Australia Fair Shopping Centre - 2.4km

Griffith University - 2.7km

Gold Coast University Hospital - 2.7km

Queen Street Shopping Village - 2.9km

Woolworths Metro Broadwater - 3.4km

Ferry Road Markets - 3.7km

The Southport School - 4.6km

Main Beach - 4.3km

Disclaimer:

In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own inquiries to verify the information contained herein. This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.