5 two and three bedroom apartments that are ideal for a superannuation fund purchase, an investor who just wants the nest egg to grow while tenants help the purchase or the perfect land bank as the short supply of land in the specific region, is the catalyst for huge gains!
- Unit 1 Ground floor: 2 bedroom, 1 bath, 110sqm + private courtyard. Renovated June 2012. 12 months lease from December ’12
Rent: $375 pw

- Unit 2 Ground floor: 2 bedroom, 1 bath, 110sqm + private courtyard. Renovated June 2011. 12 months lease from January ’13.
Rent: $375 pw

- Unit 3 Ground floor: 1 bedroom, 1 bathroom, 70sqm + private courtyard. Built January 2011. 6months lease February ’13.
Rent: $290 pw

- Unit 4 1st floor: 4 bedroom plus study, 2 bathroom, 280 sqm + balcony, garage and carport. Renovated January ’11- Can be converted back into 2 apartments- 1x 2br plus study + 1x 2 bedroom at minimal cost. Rent: $825 pw

- Unit 5 1st floor: 2 bedroom, 1 bath 110sqm. Un-renovated. Can be renovated to increase rent to $375pw. Expired lease: Rent $330 pw
Garage 1 Single lock up garage Rent $75 pw
Garage 2 Single lock up garage Rent $75 pw

Total: $2,345pw / $121,849 pa

Located between Australia Ave and Queensland Avenue. Only 100m to the beach and very easy walking to the heart of Broadbeach; including: vibrant shops, Surf Club, The Oasis Shopping Centre and the boulevard of cafes, boutiques, galleries and bars that make Broadbeach one of the most sought after suburbs on the gold coast!

ALSO: In 2014, the new light rail due to open. Located only 300M away!

NOTES TO KEEP ON HAND:

East-facing
627sqm site

Maximum Residential Density- RD7.
1 bedroom /25sqm. Therefore, 25 bedrooms without relaxation. It should be noted that Amalgamated property Group have been granted for their Synergy site in the same Precinct approval for 25 storeys and 137 x 2 and 3 bedroom apartments on a site only marginally twice the size of 123 Old Burleigh Road.

Maximum Building Height: 20 Storeys
Precinct: No. 2 Residential- Medium to high density
Plot Ratio: a. Basic plot 2 to 1
b. Maximum 4 to 1
Site coverage: 50%
Council and Water rates: Approx $13,000 pa
Insurance: $1,400 pa