1/14 Garden Street Southport, QLD 4215

Situated in the heart of the Southport CBD, here is an outstanding opportunity to purchase one or both apartments in a small block with massive redevelopment upside. Sitting on 640m2 of prime Southport CBD land and within the PDA (Priority Development Area), this is a fantastic opportunity to not only live in heart of it all, but also have a strong investment with future development potential.

Unit 1 consists of:

• Ground level apartment
• 2 bedrooms
• 1 bathroom, separate toilet
• Open plan living and kitchen
• Single undercover carport
• Current Rental Return Unit 1: $320 per week, lease expires 29th November 2021
• Body Corporate fees: $24 per week (approx.)

Unit 3 consists of:

• Upstairs apartment overlooking the park
• 3 large bedrooms
• 1 bathroom, separate toilet
• Large kitchen and laundry
• Dining, lounge and spacious enclosed balcony
• Single lock up garage
• Rental Appraisal Unit 3: $500-540 per week, currently unoccupied
• Body Corporate fees: $53 per week (approx.)

Further information includes:

• Council Rates for each property: $1,850 per year (approx.)
• Water Rates for each property: $1,774per year (approx.)

Strategically positioned with only 5 properties in total in this apartment block, these apartments won't last long as the owner is committed to selling. Do not miss out!