29/132-138 Ferny Avenue, Surfers Paradise, QLD, 4217

SoldDec 13, 2021

29/132-138 Ferny Avenue, Surfers Paradise, QLD, 4217

$205,000

0 m²

Apartment

•

30+ days on the market

Sold: Dec 13, 2021

What's around 29/132-138 Ferny Avenue

Gold Coast Holiday Bolt hole!

Looking for a holiday bolt hole that will earn you a positive return with minimal effort? This generous sized 1 bedroom apartment located in the Sovereign Alpha resort its location and facilities are brilliant. 2 blocks from the beach, 1 block from light rail, easy walk to surfers and an amazing resort style rock pool on site this unit offers so much. Zoned as a commercial unit there are occupancy and lending restrictions to navigate but this is an amazing investment opportunity. Perfect for self managed supers of cashed up investors (50% lending rates apply) rental appraisal $400/$420 p.w. You could have 3 month tenancies in place (huge demand), holiday let through the awesome onsite management team, or AirBNB the unit for top $. Plus you can stay here on holiday as long as you want whenever you want. Perfect for interstate travel, perfect place to set up base for holiday or as a launch pad for the family home property search. 4/5% return depending on how let. BC Circa $100 p.w. Rates Circa $70 p.w. Management fee circa $30p.w. Nett income circa 4% after all costs PLUS capital growth. Contact us NOW to secure.