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$2,275,000
3 Garden Street comprises of 8 single level, one, two and three bedroom units located within a low rise complex in the established central Gold Coast suburb of Southport. The units have a predominately north-easterly aspect and are provided with a mixture of local and city skyline views. The units are currently held on a single title and are located on a rectangular shaped, corner site having a frontage to Garden Street of approximately 35 metres (western boundary) and a front to Owens Lane of approximately 23 metres (southern boundary).
• 5 x 2 bedroom, 1 bathroom units
• 2 x 1 bedroom, 1 bathroom units
• 1 x 3 bedroom, 2 bathroom unit (total of 8 units).
• Units 1,2,3,5 and 6 are allocated 2 basement car spaces, whilst units 2,1 and 8 are each allocated 1 basement car space.
• Estimated gross rental return of approx. $140,000 per annum when fully let
• No body corporate fees
• Premier location being approx. 170 metres to the south of the Southport CBD.
• Block size 817m2
Outgoings per annum (approximate): Rates $7150, Water $8150, Common power $1140,
Insurance $5650
Southport is an established residential and major commercial CBD suburb located on the central Gold Coast. Surrounding development comprises a mixture of older to modern style, residential houses, flats, home occupation dwellings, duplex/townhouse units, low to high rise apartment towers, commercial buildings and mixed-use projects, together with strip retail and showroom style development. The Southport central business district, which includes the Australia Fair shopping precinct, is located to the north-east and encompasses a comprehensive selection of shopping, retails, commercial and restaurant arcades/buildings.
A number of significant infrastructure projects have been completed in recent years in Southport including Chinatown Precinct, the upgrade of the Southport Broadwater Parklands and the redevelopment of the Southport Aquatic and Sporting centre. The Rapid Transport system (Gold Coast Light Rail) passes through the CBD of Southport, with the recently completed Stage 2 connecting through to the Heavy Rail at Helensvale.
An exciting opportunity as apartment blocks 'In one line' have become highly sought-after stock and are a popular choice for the astute investor, add this to your SMSF!
11/406 Nerang Southport Road, Ashmore QLD 4214
Call Andrew Turner on
0408188308
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