Positioned within the tightly held boutique complex 'Le Que Quarter', this well-appointed apartment at 14/3-5 Barranbali Street delivers immediate returns, prime lifestyle appeal, and proven capital growth potential. Whether you are an astute investor seeking a hassle-free, income-producing asset or planning a future low-maintenance island base, this property represents outstanding value in a blue-chip coastal pocket.
The home features an open-plan kitchen, living, and dining layout that extends naturally to a private balcony. The smart configuration includes one generous bedroom, a central bathroom, and a secure undercover basement parking space. Residents also enjoy access to the private complex swimming pool and landscaped grounds.
Currently tenanted at $550 per week until 27 March 2026, the property provides secure, uninterrupted cash flow from day one, with an updated rental appraisal indicating potential to achieve $600 per week upon renewal.
Set in a quiet residential street on Chevron Island, the home is a leisurely stroll to Thomas Drive's lively village of artisan bakeries, dining spots, and boutique cafes. Cross the pedestrian Green Bridge to HOTA (Home of the Arts) for cinema and weekend markets, or walk across the bridge directly into the heart of Surfers Paradise, world-famous beaches, and the G:link light rail.
Financials & Outgoings
Outgoing / Income Item Frequency / Details Approx. Annual Equivalent
Current Rental Return $550.00 per week (Lease in place to 27/03/2026) $28,600.00 p.a.
Potential / Appraised Rent Up to $600.00 per week ~$31,200.00 p.a.
Body Corporate Levies $1,421.94 per quarter ~$5,687.76 p.a.
Council Rates $1,483.92 per 6 months ~$2,967.84 p.a.
Water Notice $314.43 per quarter ~$1,257.72 p.a.
Key Property Highlights
- Immediate Income & Upside: Leased at $550/week until 27 March 2026, with an appraised market potential of $600/week.
- Functional Layout: Light-filled living, kitchen, and dining zones flowing out to a private balcony.
- Accommodation: Sizable master bedroom and a well-appointed central bathroom.
- Secure Parking: 1 allocated vehicle space in the secure basement garage.
- Complex Amenities: In-ground swimming pool and sun terrace set within a boutique residential block.
- Low-Maintenance Holding: Low-upkeep, highly desirable rental configuration with consistently minimal vacancy.
Location Highlights
- 150m to Thomas Drive shopping, dining, and cafe precinct
- 300m across the pedestrian Green Bridge to HOTA (Home of the Arts) and parklands
- 1.1km to Surfers Paradise CBD, Cavill Lane, and G:link Light Rail Station
- 1.3km to world-famous Surfers Paradise patrolled surf beaches
- Minutes to Southport CBD, Broadbeach dining, and Pacific Fair Shopping Centre
Disclaimer
In preparing this marketing material, the vendor and listing agency have made every effort to ensure the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies, or misstatements contained in this document. Stated current and potential rental figures, outgoings (including body corporate levies, council rates, and water charges), boundaries, and distances are indicative only and subject to change. Prospective purchasers must make their own independent enquiries, conduct physical inspections, and consult with legal, financial, and planning advisors to satisfy themselves of all aspects of the property.
