Sold
Unit

5/59a Peninsular Drive Surfers Paradise, QLD 4217

Sold for $206,000 on 23 Mar 2018
  • 1 Bed
  • 1 Bath
  • 1 Car
Agents

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Unit in Surfers Paradise

SOLD By Greg Corcoran

  • 1 Bed
  • 1 Bath
  • 1 Car

Welcome to 5/59A Peninsular Drive, Surfers Paradise. This one bedroom, one bathroom, one garage unit is a fantastic investment to add to your portfolio. Positively geared and perfectly positioned in the heart of Surfers, the rent covers the mortgage, body corporate fees, water and council rates. Currently leased until the end of the year, the unit has a fantastic tenant who maintains it well.

The building is low maintenance and although not approved as yet, could serves as a potential future development site. With such little space left in the Gold Coast to build, developers will be keen to explore opportunities in the coming years.

Incredibly close to the buzzing heart of Surfers Paradise and all the best that the Gold Coast has to offer, an amazing opportunity to own a piece of the city at a fraction of the price, while it makes you money without fuss, awaits you. Call Greg on 0475 046 561

HIGHLIGHTS:

  • Large bedroom with ensuite
  • 3 minute walk to heart of Surfers
  • Spacious bathroom
  • Generous lounge
  • Views to the city
  • Low body corp
  • Fans
  • Great rental return which covers body corp, council and water rates
  • Potential development site in the future

BEDROOM: - Large master bedroom with access to ensuite
BATHROOM: - Shower, toilet, vanity and laundry
KITCHEN: - Stove, oven and plenty of storage
LIVING: - 1 spacious living area including verandah with views to Surfers Paradise.

POTENTIAL INCOME:
Rental yield: $300 per week
Airbnb/Stayz: $65 -$80 per night (entire unit)

OUTGOINGS:
Council - $38 per week approx
Water - $25 per week approx
Body Corp - $21 per week approx

SCHOOL CATCHMENT ZONE:
Surfers Paradise State School
Keebra Park State High School

DISTANCES:
Bus Stop - 150 m
Local Shopping Centre - 400 m
Major Shopping Centre - 3.8 km

Primary School - 1.8 km
High School - 70 m
Parkland - 100 m

Highway - 12.6 km
Light Rail Station - 600 m
Beach - 750 m
Hospital - 9 km

Features:
  • Close To Schools
  • Close To Shops
  • Close To Transport
  • Secure Parking
Parking:

1 garage space

Bedrooms:

1

Bathrooms:

1

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Suburb

Surfers Paradise

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