Phone Enquiry property ID: 2052 (Quote when calling or texting)

This unit is currently under contract

*This pleasant looking , cute , comfortable and functional studio unit in good condition with a balcony and floor to ceiling window for maximum natural light can be a lifestyle changer with it’s fabulous unobstructed waterfront views which can never be built out while watching and feeling relaxed and as the numerous boats sail past during the day .

*The unit is in a building located on a unique peak with a frontage to both the Broadwater [ Harbour ] and the Nerang River and also has views to the Surfers Paradise skyline , facing directly East it can provide cool pleasant sea breezes which are very desirable during the summer months .

*The interior of the unit has had interior updates recently , it has a good size bathroom and a good functional kitchen area with a slide out ventilator above the cooking area , plenty of storage cupboards in kitchen and living area , with different cooking equipment and items and a near new refrigerator which are included in the sale , a large swimming is on the property situated right on the waterfront with plenty of outdoor living spaces and a new fishing platform is outside the building .
In the basement is secure parking with a roller door which can be opened by pushing a button from your vehicle .
A commercial style laundry is in the basement also a washer dryer is inside the unit .
A lift gives quick access to the unit which is on the fifth level and on the fourth floor and the unit is almost opposite the lift , a very secure building at night with a on site manager and a reception area opened during day .

*The unit is sold as furnished

* The unit is also approved for short term lettings for example Airbnb lettings

*Location of this unit is hard to beat ,highly desirable , centrally located in an upmarket area where larger size units with similar views to this studio unit have sold for around $3 million .
Woolworths supermarket is opposite and a quick stroll from this unit is a selection of good quality cafes and restaurants and a top award winning restaurants is within this unit’s building also very close by is a chemist , doctor’s surgery , dentist , pathology and a large shopping complex in the Southport CBD and the tram passes the building and the tram stop is close by and many parks and walkways with the largest park having an entrance in the front of this building , Main Beach , SeaWorld , the Spit , a venue where international entertainers preform and the location of where the annual Gold Coast show is held is within walking distance and central Surfers Paradise is about 5 minutes away by car or about 7 minutes away by tram .

*This unit is currently owner occupied so on settlement , an owner occupier could moved straight in or an investor should be able to rent very quickly .

*Why is this a good investment for an investor ?
This unit is located in the tightest rental market in Australia where advertised rental properties often get large queues of interested potential tenants , the same has happen in this unit’s building and the big bonus in buying this unit is that the buyer gets a share of a very valuable , prime waterfront development site zoned for very high rise or commercial buildings where it is possible that the land’s share value of this unit is very much higher than the units current selling price .
Currently the marketing agent who is handling the bulk sale of this unit’s building states that the marketing plan to advertise the group sale of the units in this unit’s building for redevelopment is reaching the final stages very soon as most owners have signed or given consent to sign , if the buyer of this unit is part of the group sale , the marketing agent states in writing that this studio should return a minimum of $500,000 if the group sale is successful so it is possible that the buyer of this unit could get a excellent capital gain in a very short period of time while receiving an excellent rental return on their unit while waiting for the selling process to be completed .

*Estimate rental of this unit is $397 per week .

*Council rates are $856.47 per half yearly for owner occupier

*The body corporate fees starting from the end of October 2023 will be aprox. $116 per week as the sinking fund special of $244.12 per quarter used for building improvements will end then .
There are two buildings at 2 Barney St , the units in this building have lower body corporation contribution fees because the units in this building don’t have gas water heating supplied on a set fee which is on a group basis fee to all units ,this unit only has electricity water heating , measured on a usage basis and the payment fees applied directly to the owners or tenants own electricity bill

*Electricity supply to this unit is by a bulk supplier to the whole building and owners can’t choose their own supplier , the current electricity bill to this unit is extremely low about $60 a quarter .

*The unit is located in a area close to a number of universities and colleges , tourist venues , major hospitals , large shopping complexes and numerous retail and service related businesses so there is plenty of people working in the area who could be potential tenants .

*Units under $300 ,000 in the Gold Coast are becoming very scarce to buy and this studio unit should impress you at a very reasonable selling price

*Why are you reading this ? contact now before this property is sold
Private viewings are available most days by giving a short notice of a few hours or the day before notice is ideal .