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Ray White Commercial - Gold Coast

30 Lather Street Southport, QLD 4215

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30 Lather Street,
Southport, QLD 4215

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0403 *** ***
Ray White Commercial - Gold Coast
30 Lather Street
Southport, QLD 4215
Ray White Commercial - Gold Coast

Ray White Commercial - Gold Coast

Level 2, 50 Cavill Avenue
SURFERS PARADISE, QLD 4217

Map of 30 Lather Street

Directions
  • Train stations within 5 km of 30 Lather Street, Southport, QLD 4215Distance
    Monorail Main Station1.8 km
    Mid Monorail Station2.2 km
    Sea World Resort&Water Park Monorail Station2.4 km
    POWERED BY HERE ©
  • Tram stops within 5 km of 30 Lather Street, Southport, QLD 4215Distance
    Nerang St at West End Shops1.1 km
    Light Rail Depot2.4 km
    Surfers Paradise, Cypress Ave2.8 km
    Cavill Avenue3.4 km
    Gold Coast University Hospital3.7 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 30 Lather Street, Southport, QLD 4215Distance
    Queen St at Garden Street291 m
    Scarborough St at White Street300 m
    Bauer St Near Chester Tce302 m
    Broadwater Parklands Station304 m
    Ferry Rd at Minnie Street504 m
    POWERED BY HERE ©
POWERED BY HERE ©

BOUTIQUE RESIDENTIAL APARTMENT BUILDING - FULLY LEASED - 9 MODERN APARTMENTS

Position, Position, Position!

This is a rare and exciting opportunity to acquire a boutique block of 9 apartments, all on one title.

'Tibouchina Highlife' is a stunning, well designed apartment complex, built in 2016 consisting of 9 beautiful residential apartments. Each apartment has been well appointed and comes with modern appliances, a stylish and functional kitchen, modern bathrooms and a large balcony area.

The complex is fully rented, highlighting the strength of the area and the appeal of the property. The building presents a first class investment opportunity, right in the heart of The Gold Coast. Generating an annual gross income of $230,796 per annum, with a rental increases of $5,000 due in July. The property also comes with significant depreciation advantages and assured capital growth in the future.

Apartment Specifics:

7 x Two bedroom, 2 bathroom, 2 car space units (ranging from 97m2* - 110m2*)
2 x One bedroom, 1.5 bathrooms, 2 level sky home with 1 car space each (110mm2*)

Income + Expenses:

GROSS RENTAL INCOME: $220,740
Solar Electricity Generation: $10,056

TOTAL GROSS INCOME: $230,796

Expenses:
- GCCC Rates: $7,674pa
- GCCC Water + Sewer: $7,806
- Insurance: $4,578
- Electricity Bulk supply to common areas: $6,387
- Management Fee: $9,712
- Lift + General Maintenance: $6,920


TOTAL EXPENSES: $43,077*

NET RETURN: $187,719*


Location:

Ideally located right on the G:Link Rapid Transit Line in Southport, adjacent to the CBD and only 450* metres to the stunning Gold Coast Broadwater and surrounding parklands. Other key locations within close proximity include:
* Aquatic Complex- 950* metres
* Australia Fair Shopping Centre- 500* metres
* G:Link Light Rail Station- 200 metres
* Woolworths, shops & restaurants in Sundale precinct - 350* metres

High calibre investment opportunities in high profile locations, like this, are very rare. Given the age and quality of the building, the strong financial performance and the ideal location in Southport, this is an opportunity not to be missed!

Please contact Robert Peel for a copy of the Information Memorandum with more details.

*Approx

Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.

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Property ID: 503793602Last Updated: 18 May 2021

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Ray White Commercial - Gold Coast
Level 2, 50 Cavill Avenue
SURFERS PARADISE, QLD 4217
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Ray White Commercial - Gold Coast
30 Lather Street Southport, QLD 4215

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