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Located within ?Broadbeach Savannah?, on the beachside of central Broadbeach and close to iconic restaurants, cafes, Pacific Fair Shopping Centre, Gold Coast Convention Centre, Star Casino and the Gold Coast Light Rail. The beautiful local beaches are also only a short walk away.
This property is divided into 2 separate apartments that are on a single title (meaning only 1 set of rates is payable). Providing unbeatable returns and rental flexibility at a great asking price, this is one of the best investment opportunities currently available on the Gold Coast. Rarely do properties like this become available because investor owners hold them long term. So be quick, because it will soon be sold.
Investors will recognise that the real benefit of this property is that each apartment can be rented out to separate tenants. That translates into 2 rental income streams to produce a significantly higher yield than could be expected from a typical 2-bedroom apartment.
And yes, both apartments are included in the same great asking price.
Being beachside in Broadbeach, these apartments can both be let as holiday rentals or as permanent rentals. Or 1 could be let as a holiday rental and the other as a permanent rental. Investors have the flexibility to choose whichever letting arrangement best fits in with their investment strategy.
Potential investment returns for these apartments have been confirmed by the Managers at ?Broadbeach Savannah? as follows:
i) Permanent letting income ? Each apartment to rent for around $500 per week. That means a regular gross income stream of around 2 x $500 = $1,000 per week ($52,000 per year).
ii) Holiday letting income ? Because of its enviable location, ?Broadbeach Savannah? consistently benefits from very high occupancy rates throughout the year (around 90%). During high season periods nightly rates of around $500 (or more during Gold Coast events) are achieved for each of these apartments producing gross income of around 2 x $500 = $1,000 per night (high season occupancy).
Principal features of this property include:-
- Positioned on the 3rd floor with a quiet aspect
- City skyline views
- 2 lounge/dining areas
- 2 bedrooms both with built in robes
- 2 fully equipped kitchens with appliances
- 2 bathrooms
- 2 balconies
- 2 laundry areas
- 2 full furniture packages
- Both apartments are air-conditioned
- 2 separate apartments on 1 title (only 1 set of rates is payable)
- ?Broadbeach Savannah? has great facilities which include a heated outdoor pool, spa, gym, lounge area, BBQ and landscaped surrounds
- On-site management
- Located beachside in central Broadbeach close to restaurants, cafes, Pacific Fair Shopping Centre, Gold Coast Convention Centre, Star Casino, Gold Coast Light Rail and very close to local beaches
Outgoings:-
Body Corporate/Strata levies ? Around $190 per week (that?s only $95 per week for each apartment)
Council rates ? Around $1,900 for 6 months
This is a rare, flexible and very high yielding beachside investment opportunity in one of the best suburbs on the Gold Coast and it will quickly sell. Please contact Peter Turner at Turner Mayes Real Estate on 0468 350 882 as soon as possible for further information and to arrange an inspection.
Disclaimer: Turner Mayes Real Estate and the listing agent have made every reasonable effort to ensure the accuracy of all information contained above and which is provided only for the convenience of interested parties and should not be relied upon for any purposes (this includes, but is not limited to, references to investor information such as rental income, outgoings and occupancy rates). Likewise, Turner Mayes Real Estate and the listing agent have taken reasonable steps to ensure all relevant information has been included above. But neither Turner Mayes Real Estate nor the listing agent warrants or guarantees the said information?s accuracy and/or completeness and all parties interested in the listed property are recommended to undertake their own enquiries (including seeking appropriate legal and other advice) regarding the listed property. Turner Mayes Real Estate and the listing agent will not accept any liability (direct or indirect) for any injury, loss, claim, damage or any incidental or consequential damages, arising out of or in any way connected with the said information and/or any information that is omitted above.