403/5 Palm Avenue, Surfers Paradise, QLD, 4217 - Apartment Sold on 10 12 2024

SoldDec 10, 2024

403/5 Palm Avenue, Surfers Paradise, QLD, 4217

$851,000

Apartment

•

30+ days on the market

Sold: Dec 10, 2024

What's around 403/5 Palm Avenue

Investment Opportunity: Dual-Key Apartment with High Rental Demand

Investors, this is a must see! This oversized, beautifully renovated dual-key apartment is an unparalleled opportunity for exceptional returns. Don't let this incredible value slip away. Property Highlights: • Dual Key Design: Two separate, income-generating spaces-an elegant studio and a spacious one-bedroom apartment. Live in one and rent out the other, or enjoy the entire expansive layout. • Prime 4th Floor Position: Enjoy stunning south-west views and abundant natural light with added privacy. • Generous Size: Spacious floor plans in both units, perfect for maximum rental yield or luxurious living. • Modern Finishes: Recently renovated with sleek lines and high-quality finishes, ready for immediate occupancy or rental. • Resort-Style Amenities: Lagoon pool with a kids' splash zone, indoor and outdoor pools, games room, spa, sauna, gym, and BBQ areas. • Secure Parking: Includes one secure car park for your convenience. Potential Earnings: Rental Estimates: • 403A: $550-$600/week • 403B: $450-$480/week Holiday Letting Potential: • Estimated. $1,200-$1,300 net profit per week (Seasonal variations apply) • Approx. $60,000-$63,000 net per annum Location Perks: • Top Spot in Surfers Paradise: Steps from beaches, cafes, and vibrant dining. •Well renowned Thai Restaurant right in your backyard. •Ultimate family holiday location. • High Demand Area: Ideal for strong rental returns in a sought-after location. This will be extraordinary value and one you will never regret. Contact me for more information or to arrange a viewing! Disclaimer: In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own inquiries to verify the information contained herein.