The solid, turn-key investment is ready to go, nothing to do and is currently generating $2,010 per week through 4 fully-renovated, 2 bedroom apartments; this a cash generating blue-chip position investment which deserves your full attention.
The apartments are north facing and beautifully presented, with excellent tenants taking great care of their homes, a true asset to the owner and investor alike.
The building was stripped and renovated in November 2017 to include a new roof, kitchens and bathrooms (including stone tops), dishwashers and front-loading washing machines included, flooring, and a common BBQ area with lighting, chairs, gas BBQ, sink with water connected. Each apartment also has a 1 lockup garage and 1 off-street park. It’s got many stress-free income-producing years ahead.
50 Talle, situated in Northern Palm Beach, is in what many would call the Perfect Southern Gold Coast location, it’s hard to disagree. It is a mere 180 metres to the Gold Coast’s premier swimming, paddle boarding, and kayaking area – Tallebudgera Creek – which has been voted Australia’s favourite swimming spot. The rolling surf of one of the Gold Coast’s most private beaches is only 600 metres, away and a short walk to heart of Burleigh Heads’ famed James Street dining precinct and headland; there is always strong demand for these apartments.
50 Tallebudgera Drive presents an outstanding investment opportunity with strong capital growth and flexibility; a far better return than any bank can offer – the perfect scenario!
Apartments:
4 x 2 bedroom, 2 car (1 car garage + 1 car space), 1 bathroom
104m2 total (internal 77m2, balcony 9m2, garage 18m2) = 434m2 total (inc 18m2 common area)
Fully renovated in 2017 to include stone benches and vanity tops, timber look flooring, new kitchens and bathrooms. Each is immaculately presented
Financials:
Projected rental return $2,200 per week
Current Income:
3 x $500 p/w, 1 x $510p/w = $2010p/w or $104,520p/a
Outgoings:
Rates: $4,810
Water: $2,600
Building Insurance: $1,778
Landlord Contents Insurance $1,316
TOTAL $10,504
(No body corporate as all on 1 title)
$94,016p/a after above mentioned outgoings
Building:
Building fully renovated in 2017 (bathrooms, kitchens, laundries, new roof, plus more)
Suspended slab construction, solid brick internal walls
Excellent tenants, very well kept
546 m2 block (30.2m x 18.2m)
Zoned Medium Density Residential RD3 – 1 dwelling per 250 m2 – 9m/2 story Height Limit
Location:
110m to bus stops
180m to Tallebudgera Creek (Australia’s favourite swimming spot)
600m to the beach at Tallebudgera Surf Club
800m to bus stops (north/south GC Highway)
2km Burleigh Heads CBD – James St, Burleigh Pavilion
2.5km Palm Beach CBD – Palm Beach Collective
2.9km M1 access – North and South
7km Varsity Lakes Train Station (Direct to Brisbane CBD)
8.5km Broadbeach – Pacific Fair, Casino
9km Gold Coast International Airport
12km Surfers Paradise CBD
Financials:
Projected Rental return $2,200 per week
Current Income:
3 x $500 p/w, 1 x $510p/w = $2010p/w or $104,520p/a
Outgoings:
Rates: $4,810
Water: $2,600
Building Insurance: $1,778
Landlord Contents Insurance $1,316
TOTAL $10,504
(No body corporate as all on 1 title)
$94,016p/a after above mentioned outgoings
*All figures are approximate and to be used as a guide only
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. * denotes approximate measurements