Fully Leased - Near New Block Of 18 Apartments On One Title

Property ID 1689022

• Rental Income $325,807* p.a. (fully leased^)
• Total of 15 x one bedroom & 3 x two bedroom apartments
• Currently 1 title can be strata-titled
• Total of 25 car parks with easy street access
• Five years old offering great depreciation
• Total Land area 1,106m2*, Zoned high density residential
• Great location near shops, cafes and Broadwater
• One bedroom units under NRAS with a $125,036* annual tax credit
• Owners serious about selling don't miss this outstanding opportunity!

Auction
Thursday, 27 July 2017 11am
Venue
Gold Coast Turf Club, Racecourse Drive, Bundall

Matthew Fritzsche
Ray White Special Projects (Qld)
0410 435 891

Michael Willems
Ray White Commercial Gold Coast
0412 240 176

*approximately
^Subject to change
**This property is being sold by Auction therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Ray White Commercial has pleasure in offering for sale by Public Auction the near new block of 18 apartments on one title, located at 39 Frank Street, Labrador.

Features include:

  • Rental income $325,807^ p.a. (fully leased#)
  • Total of 15 x one bedroom & 3 x two bedroom apartments
  • Currently 1 title can be strata-titled
  • Total of 25 car parks with easy street access
  • Five years old offering great depreciation
  • Total Land area 1,106m2*, Zoned high density residential
  • Great location near shops, café’s and Broadwater
  • One bedroom units under NRAS with a $125,036* in annual federal tax credits
  • Owners serious about selling don’t miss this outstanding opportunity!

*approximately
^Approximate fully let income.
# Subject to Change

Executive Summary and Sales Details

Address

39 Frank Street Labrador, QLD, 4215

Land Area

1,106m²*

Method of Sale

The property is for sale by Public Auction to be held at Gold Coast Turf Club, Racecourse Drive, Bundall on Friday 27 July 2017 at 11am.

The property is offered for sale on terms including a 10% deposit payable into Ray White Commercial Queensland Trust Account on the fall of the hammer with a 30 day settlement and otherwise on terms satisfactory to the Vendor

Please note:

Any intending bidder is required to:

  • Review the Conditions of Sale by Public Auction; and
  • Execute the Bidder Registration Form and provide to the agents prior to the Auction.

Contracts will be available from:

c/- Matthew Fritzsche
Ray White Special Projects (QLD)
Level 26, One One One,
111 Eagle Street, Brisbane Qld 4000

or

c/- Michael Willems
Ray White Commercial Gold Coast
Level 2, 50 Cavill Avenue
Surfers Paradise Qld 4217

* approximately
^ Important: Prospective purchasers conduct due diligence investigations of the property strictly at their own expense and risk, and the vendor will have no liability in relation to such expenses. Consent by the vendor to the conduct by any potential purchaser of due diligence activities or investigation will not in any circumstance be construed as a representation that the vendor will be exercising, or refraining from exercising its rights to deal with the property, or any representation that the vendor intends to contract with that potential buyer, or at all.

Labrador is an established residential locality, situated at the northern end of the Gold Coast, being located within close proximity to the Southport business district and Surfers Paradise.

The locality is well serviced by a wide range of public and private infrastructure including:

  • Australia Fair Shopping Centre
  • Harbour Town Shopping Centre
  • Labrador Primary School
  • Southport High School
  • St Hilda’s Girls School
  • Bus Services
  • Gold Coast University Hospital and Gold Coast Private Hospital
  • Griffith University
  • Easy access to the M1 Pacific Motorway
  • A wide variety of recreational amenity including The Broadwater Parklands and Gold Coast Aquatic Centre

 

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Property Overview

Annexures

Auction Documents

Information Memorandum (full PDF)

The information and figures contained in this report have been provided to us by the following sources. The Parties (as defined in the Disclaimer) have not independently checked any of the information. The Parties make no comment on and give no warranty as to the accuracy of the information contained in this report which does not constitute all or any part of any offer or contract. Prospective purchasers must rely on their own enquiries. Zoning and land areas details are as provided by PDS Live and Local Municipal Councils and are subject to confirmation.

Page

Content

Source

Page 3Property OverviewGold Coast City Council / RPData
Page 9Location ProfileGoogle
Page 12Location MapGoogle Maps
Page 13Amenities MapWhereis.com.au
Annexure APhotographyPlatinumHD
Annexure BAuction Terms and ConditionsREIQ
Annexure CAuction Bidder Registration FormREIQ
Annexure DTitle SearchDepartment of Natural Resources and Mines
Annexure ESurvey PlanDepartment of Natural Resources and Mines
Annexure FCertificate of ClassificationQueensland Government
Annexure GFloor PlansBroadwater View
Annexure HCarpark PlanSeller
Annexure IFixtures and FittingsSeller
Annexure JWhitegood Inclusions and SpecificationsHarvey Norman Commercial
Annexure KPlanning OverviewBPlanned & Surveyed
Annexure LTenancy AgreementsAustralian Mobile Property Managers and Horizon Housing Solutions Ltd
Annexure MRental StatementsAustralian Mobile Property Managers and Horizon Housing Solutions Ltd
Annexure NNRAS Market Rental Value
(as at 30/08/16)
CSA Valuers
Annexure ONRAS Fact SheetDepartment of Social Services
Annexure POutgoing DocumentsClick Energy, JLT, Office of State Revenue and Gold Coast City Council

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39 Frank Street Labrador QLD 4215 AUS
-27.951731 153.408528