Situated in the heart of the Southport CBD, here is an outstanding opportunity to purchase one or both apartments in a small block with massive redevelopment upside. Sitting on 640m2 of prime Southport CBD land and within the PDA (Priority Development Area), this is a fantastic opportunity to not only live in heart of it all, but also have a strong investment with future development potential.
Unit 1 consists of:
- Ground level apartment
- 2 bedrooms
- 1 bathroom, separate toilet
- Open plan living and kitchen
- Single undercover carport
- Current Rental Return Unit 1: $320 per week, lease expires 29th November 2021
- Body Corporate fees: $24 per week (approx.)
Unit 3 consists of:
- Upstairs apartment overlooking the park
- 3 large bedrooms
- 1 bathroom, separate toilet
- Large kitchen and laundry
- Dining, lounge and spacious enclosed balcony
- Single lock up garage
- Rental Appraisal Unit 3: $500-540 per week, currently unoccupied
- Body Corporate fees: $53 per week (approx.)
Further information includes:
- Council Rates for each property: $1,850 per year (approx.)
- Water Rates for each property: $1,774per year (approx.)
Strategically positioned with only 5 properties in total in this apartment block, these apartments won't last long as the owner is committed to selling. Do not miss out!
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