Modern one bedroom apartment located in the ever popular of Blue Water Bay complex. Leased until August 2024.Earning 7.5% gross income approx and tucked away in a private position at Southport's "Blue Water Bay Resort" - this over-sized one bedroom lifestyle unit, awaits your decision.Not often available, this unit surrounded by tropical pools and gardens represents a great opportunity to secure prime Marine Parade investment real estate across the road from the Broadwater Parklands. Original unit, ripe for a quick renovation or upgrades and as an addition to a new or growing investment portfolio. Earns $24,000 + p/a gross income on permanent rental. Nothing to do but relax when you buy and settle this one. Our seller is retiring and exiting their investment portfolio with us.
Featuring:* Spacious living area* Lounge opening to the balcony* Fully equipped kitchen with ample cupboards * Separate internal laundry cupboard and storage space* Two way bathroom with separate wardrobe* Resort facilities including: Lagoon style swimming pool, full sized tennis court, and gymnasium* Rental current until August 2024 is $480/week that represents a 7.5% approx gross return.
Location:- Across the road to Broadwater Parklands and Southport Pool- 0.2 km to public transport along Marine Parade- 0.4 km to bus to Griffith Uni & GCU Hospital- 1 km to Australia Fair Shopping Centre - 3.7 kms to Griffith University & GCU Hospital
