Suitable for a renovator looking for a project to create some quick equity or a first time buyer looking to buy under the current market rate and build the apartment their way.
It's in a fantastic location where you can simply cross the road to hit the Broadwater, you are also right next to Charis Seafoods and The Grand Hotel.
- 2 bedrooms with large wardrobes
- 1 bathroom
- Body corporate is only $49 per week
- Secure lock up garage
- 1 of only 6 apartments
There was a recent sale for a fully renovated example in the building at $405,000 late last year.
There is already developer interest in acquiring these lots, I am more than happy to put the new buyer in touch with the developer directly, this may be a good opportunity to just sit on the property for a while and sell for a profit at a later date.
I have made every effort to ensure the photos accurately represent it's current state, make no mistake, the property will require someone who is willing to put in work but I believe we have priced it to reflect that.
In terms of what needs to be done, I would budget roughly $17,500 worth of work to get it into A1 condition. The bulk of those funds would be utilised on re-sheeting, adding cornices and painting the internal roof. Other items for attention would be a new kitchen, update the bathroom, carpets in the bedrooms, new dining room flooring and new skirting throughout.
