24 Martin Street Nerang, QLD 4211

An exciting opportunity has become available to secure a full townhouse complex. Compromising of four Townhouses on one title in the serene sought after suburb of Nerang. The complex is fully rented for an immediate return on your investment. A great long term investment, you will not struggle to rent these out and they will always be full. This type of investment is perfect as a guaranteed income option that moves with inflation. The complex is low maintenance and ideally located close to the major amenities (400m walk to suburb CBD).

The townhouses all feature 2 large bedrooms, 1 bathroom, private balcony and carport. With additional parking on site for extra cars/visitors.

Opportunities like this do not last long, contact us today for more information or to register
your interest.

Features Include:

• 4 x 2 bedroom townhouses all on 1 title
• 2 Bedrooms, 1 bathroom, private balcony & carport per townhouse
• Security gated complex
• Brick & Tile construction
• Built in 1989
• Lounge, dining, separate laundries, good size kitchens with dishwashers.
• All have carports and there is extra visitors parking.
• No Body Corporate
• All properties are air conditioned
• Security Screens
• Fans throughout
• Land size 1012m2
• 400m Walk to Nerang Town Centre
• 100m Nerang public swimming pool
• 900m to M1 Motorway connection to Brisbane and rest of Gold Coast
• 700m to Nerang Cinemas & shopping center (Coles supermarket)
• 200m to Nerang Pre School
• 1.7km to Nerang High School
• 450m to Hinterland Medical Centre

Current Return -
* Total current rent - $1,390 per week
* Townhouse 1- $380pw, Townhouse 2 - $380pw, Townhouse 3 - $350pw, Townhouse 4 - $330pw.
* Total gross current rent per annum - $74,880
* Rental achievable on lease expiry - $425pw (Each Townhouse) - Total $88,400

Outgoings -
* GCCC Council Rates - $4,286 per annum
* GCCC Water Rates - $4,292 per year (usage able to be charged back to tenants)
* Building/Complex insurance - $3,541 per year

Contact Robert or Olivia now for a copy of the Information memorandum.

Disclaimer:
In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

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