4/27 Whiting Street, Labrador, QLD 4215
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PRICE DROP! Price reduction for immediate sale. Circumstances for interstate seller have changed and they need to sell now. A beautifully presented unit, naturally bright, capturing the cooling Broadwater breezes and is positioned superbly for peaceful enjoyment. Situated on the first floor, the unit is secure, open planned and an intelligent addition to any investment portfolio. Secure tenancy until November 2019 means investors are assured of strong income for the rest of the year. IMPORTANT NUMBERS YOU WILL WANT TO KNOW * Secure your purchase with initial deposit of just $1,000! * Internal area 61m2; Total 92m2 * Rates $905 (6mths); Water $300 (3mths)* * Body Corporate $44.50pw; Sinking fund $70,000 (as of 12/18)* * Leased until November 2019 * Rental estimate $350pw (on lease renewal) * Long-standing tenant of 6 years * Number of units 24 Call Ben immediately on 0448 884 614. OUTSTANDING PROPERTY FEATURES * 2 big bedrooms; the master is huge! * Walk through robe in master and built in robe in second bedroom * Dual access bathroom * Compact and functional kitchen * Private balcony * Air conditioned, ceiling fans * North/south aspect for fresh air flow * Internal laundry * Secure lifestyle building * Resort inspired inground pool * Ample street parking * Secure residents parking (massive lock up garage) * Huge storage in garage * On-site manager * Maintained tropical gardens INCREDIBLE LIFESTYLE BENEFITS * 250m to the pristine Broadwater * 2.2km to Coles and IGA supermarkets * 2.4km to Australia Fair * 4.3km to Gold Coast University/Hospital * Walking distance to great restaurants, entertainment, Broadwater park * Quiet street just moments from the Broadwater ABOUT THIS PROPERTY When was the complex built? 1985 Medina Court is a masterfully constructed brick and tile, walkup-style building comprising 24 units (ie no elevators, so very modest body corporate). With on-site management and a longstanding tenant, this property represents an outstanding opportunity for an astute investor. Requests for pets should be directed to the body corporate. HERE IS WHAT IS HAPPENING IN LABRADOR There were 338 unit sales in Labrador over the last 12 months to Jan 2019. Sales volumes have calmed since the peak in March 2016 (600+). There are 41 units currently for sale in Labrador between $300,000 - $350,000. Unit price growth peaked in June 2014 and the growth rate has stabilised over the last 12 months, with 1.10% growth in the 12 months to Jan 2018. The median sale price is fractionally lower year on year. Units in the $300,000 - $350,000 price range have held steady over this period as the stock typically is positioned well as an accessible entry price, which is so important for real estate. So, what does all this mean for you as a buyer? It means the unit market is active in Labrador, which is a good thing. Buyers have proven ready to acquire homes or investments in the area, so liquidity over time is certain for well-priced properties. ANYTHING ELSE Like a loyal puppy, Labrador has been one of the Gold Coast's mainstays. Visitors flock here for the great range of accommodation, cafes and high-end restaurants. Sitting just north of Southport and just south of Biggera Waters, Labrador is popular for its calm waters, peaceful parks and views out to South Stradbroke Island * Approx. only Disclaimer: The information contained herein is obtained from owners and/or relevant and legitimate third-party sources. We have, in preparing this information, used our best endeavours to ensure that the information is true and accurate however, we accept no responsibility, offer no guarantee or warranty and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Interested parties must rely solely on their own inquiries to verify the information contained herein.
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