Positioned within the serene, leafy surrounds of Merlion Cove, this ground floor apartment presents an exceptional long term investment opportunity. With a reliable tenant already in place and strong rental demand in the area, this property offers immediate returns and future growth potential. The apartment is original and ideal for future project works, to renovate and update in one of the fastest growing suburbs on Gold Coast and in Queensland
Merlion Cove is renowned for its resort style amenities, beautifully maintained gardens, and unbeatable proximity to the Broadwater. Investors will appreciate the low maintenance design, low body corporate fees, and reputable on site management.
Location Highlights – Walk to the Broadwater
Just a short stroll to the magnificent Broadwater and golden sandy beaches, this property is surrounded by lifestyle conveniences:
• Cafés, coffee shops, Cav's Steakhouse, and the Grand Hotel
• Aqua dining precinct, Charis Seafood, and Harley Park
• Metro Market Shopping Centre
• Runaway Bay Shopping Village and Tavern
• Easy access to Harbour Town Premium Outlets
• Nearby parks, reserves, and waterfront pathways
Apartment Features
This original/renovator ground floor apartment offers comfort, privacy, and leafy outlooks:
Internal
Tiled entrance
Open plan living with ceiling fan
Kitchen features
Countertop workspace
Fridge recess
Pantry with shelving
Simpson electric oven, cooktop & rangehood
Overhead and under bench cabinetry
Double stainless steel sink
Tiled splashbacks
Linen cupboard
Bedroom with mirrored built in robes
Bathroom with large shower, vanity, mirror, toilet & towel rail
Laundry with deep sink
Outdoor
Fully tiled undercover balcony
Private outlook to lush greenery
Ground floor access with intercom
Pet friendly complex
Parking
Secure undercover enclosed carpark
Resort Style Complex Amenities
• Two swimming pools
• BBQ area
• Manicured gardens and lawns
• Two communal pontoons for boating enthusiasts
• Peaceful, well maintained environment
Investment Snapshot
Details and Outgoings
Current Rent $520 per week
Future Rent Potential $550 per week
Body Corporate Approx. $96 per week
GCCC Rates Approx. $2,600 per annum
Water Rates Approx. $1,200 per annum
Tenant Long term, reliable tenant in place for the past 20 years
Demand High demand for low maintenance units in this area
This property is ideal for investors seeking a stable, long term asset with strong rental returns
Why This Is a Standout Investment
Long term tenant already secured
Strong rental yield and future growth potential
Low body corporate fees
High demand location near the Broadwater
Well, managed complex with excellent amenities
Ground floor convenience and pet friendly
Area Profile
Set in this great location at Biggera Waters, a short walk or drive to the Broadwater, close to Marine Parade, local parks, and picnic areas, close to Runaway Bay Shopping Precinct, a short drive to Southport CBD and Australia Fair shopping centres.
Good public transport with bus services running to all major centres, Griffith University, and the Gold Coast University hospital. Easy access to Brisbane Road and Smith Street Motorway connecting to the M1 Pacific Motorway to Brisbane North or Coolangatta and Tweed South.
"This is great lifestyle and living at Merlion Cove on the Northern Gold Coast and only a short drive to all the major theme parks" -Movie World, Dream World, Wet and Wild Water World, Australian Outback Spectacular, and Sea World. A diverse community on the Northern Gold Coast, Harbour Town outlet shopping and cinemas just 10 minutes' drive, Surfers Paradise/Northern beaches only 15 minutes' drive, easy access to the hinterland mountains.
Disclaimer:
Disclaimer: The information contained in this website has been prepared by eXp Australia Pty Ltd ("the Company") and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website.
