INVESTMENT OPPORTUNITY - $650 PER WEEK RENTAL RETURN!
For investors looking for an established property with an attractive rental return already in place, this conveniently located two-bedroom Nerang townhouse is certainly worth considering.
Currently returning $650 per week, with a fixed-term tenancy secured until 5 August 2027, the property offers an opportunity to secure an income-producing investment without the immediate task of finding a tenant.
Investment Information & Approximate Outgoings:
• Current Rental Income: $650 per week ($33,800 annually)
• Fixed-Term Lease: Until 5 August 2027
• Indicative Gross Rental Yield: Approximately 6.05% at $559,000
• Council Rates: Approximately $740.71 quarterly
• Water Rates: Approximately $418.36 quarterly
• Body Corporate Levies: Approximately $616.08 quarterly
** Fees are charges have been collected from the latest avaliable invoices and include discounts if paid on time.
** Fees and charges are also subject to change.
The Property
Positioned within an established townhouse complex, the property offers a practical two-level layout, generous living spaces and the convenience of having shopping, dining, entertainment and everyday amenities close by.
Downstairs, the spacious open-plan living and dining area connects with a generously sized kitchen offering plenty of bench space and storage. Upstairs, two comfortable bedrooms both feature built-in wardrobes, with a ceiling fan to the main bedroom and a central bathroom servicing the accommodation.
While modest in its finishes, the townhouse provides a functional and comfortable layout, with the opportunity for future improvements and personal touches over time.
The complex itself has also benefited from recent external painting and retaining wall improvements, contributing to its established and well-maintained appearance.
Property Features:
• Two generously sized bedrooms with built-in wardrobes
• Spacious open-plan living and dining area
• Functional kitchen with ample bench space and storage
• Central upstairs bathroom
• Ceiling fan to the main bedroom
• Carpeted living areas and bedrooms
• Block-out window blinds
• Single covered carport
• Established townhouse complex with recent external improvements
Convenience and Connectivity:
One of the property's strongest attractions is its central Nerang location.
Within walking distance of Nerang's shopping facilities, cinemas, restaurants and everyday services, the townhouse is also conveniently positioned for access to public transport, local schools and the M1 motorway.
This combination of convenience and accessibility makes the location appealing to tenants and provides a practical foundation for a long-term residential investment.
An Investment Worth Considering
With an established tenancy, attractive rental income and a convenient central Gold Coast location, 10/11-13 Martin Street presents an opportunity for investors seeking a practical addition to their property portfolio.
For buyers considering a future home, the existing fixed-term tenancy also provides time to plan ahead, with any future occupation subject to the tenancy agreement and applicable legislation.
Offered for sale at Offers Over $559,000.
Contact us today for further information, to request the disclosure documentation or to discuss inspection arrangements.
Disclaimer:
Whilst all care has been taken in preparation, no responsibility is accepted for the accuracy of the information contained herein. All information (including but not limited to the property area, floor size, price, address & general property description) within this advertisement is provided as a convenience to you, and has been provided to Raine & Horne Brisbane Central by third parties. Please note that certain images within this marketing material could contain virtual staging (computer-generated digital furniture and decor) intended for illustrative purposes only to showcase potential layout and styling options. Interested persons are advised to make their own enquiries, seek independent professional/legal advice, and physically inspect the property to satisfy themselves in all respects.
