Block of Units for Sale

11 Rosewood Avenue Broadbeach, QLD 4218

Expressions of Interest - Closing 28 February
  • 11 Beds
  • 5 Baths
  • 5 Cars

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Block of Units for Sale in Broadbeach

Rare Opportunity - Not to be Missed!

  • 11 Beds
  • 5 Baths
  • 5 Cars

Inspection by appointment only please contact Sean on 0432 619 314 or Gary on 0407 994 041

Quality income-producing, residential investment situated beachside of the Gold Coast Highway.

The property consists of four x 2 bedroom, 1 bathroom apartments and one x 3 bedroom, 1 bathroom apartment - all with their own lock up garages.

All units are fully leased with a gross income of $101,140 per annum. Due to record low vacancy levels on the Gold Coast, two units have already had rent increases of up to 6.9% in the last 12 months.

This block is situated only 450 metres to the beach and an easy stroll to the boutiques, cafes and restaurants of cosmopolitan Broadbeach. The light rail is at your doorstep, and the newly renovated Pacific Fair and Star Casino is just down the road.

This is an exceptional opportunity for an investor who seeks a strong passive income return from an ideally located beachside unit block.

  • 5 income producing dwellings
  • 5 titles - 607m2 land
  • Fully leased units, returning $101,140* p.a. gross
  • Low maintenance with no Body Corporate
  • Zone RES C high density

Property memorandum available upon request.

Parking:

5 garage spaces

Bedrooms:

11

Bathrooms:

5

This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

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Suburb

Broadbeach

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