Engin Apartments, 4-8 Bradford Street,
Labrador, QLD 4215
Key property information
Tenanted Investment Details
Map of Engin Apartments, 4-8 Bradford Street
Train stations within 5 km of Engin Apartments, 4-8 Bradford Street, Labrador, QLD 4215 Distance Mid Monorail Station 1.8 km Sea World Resort & Water Park Monorail Station 1.8 km Monorail Main Station 1.9 kmPOWERED BY HERE © Tram stops within 5 km of Engin Apartments, 4-8 Bradford Street, Labrador, QLD 4215 Distance Nerang Street 2.2 km Light Rail Depot 2.5 km Gold Coast University Hospital 2.9 km Parkwood East 4.4 kmPOWERED BY HERE © Bus stops within 5 km of Engin Apartments, 4-8 Bradford Street, Labrador, QLD 4215 Distance Ahern St Near Bradford St 113 m Ahern St Near Central St 202 m Ahern St Near Robert St 206 m Gold Coast Hwy at Central Street 274 m Central St Near Proud St 311 mPOWERED BY HERE ©
Entire Block of 30 Residential Units
- 100% Occupied - 30 Apartments
- Close to Broadwater and Light Rail
- Minutes to Australia Fair & Harbourtown
Presenting an unprecedented opportunity to purchase a freehold asset which comprises two residential buildings, which total 30 apartments, currently 100% occupied.
The opportunity comprises;
- Land Size: 1,548m2*
- 30 Residential Units over 2 buildings
The two buildings offer;
- 24 x 1 bedroom + large study (second bedroom) apartments
- 6 x 2 bedroom + large study (third bedroom) apartments
- At grade parking which offers a total of 36 parking bays
The Key Investment Drivers include;
- 100% Tenanted with a history of low vacancy rates
- Current Annual Income: $656,240
- Majority of units currently under market rental, providing an opportunity to capitalise and increase income upon lease expiries
As well as providing a stable, secure and reliable cashflow, this property offers a variety of value add opportunities.
The property is located within Labrador, which is a high growth corridor only minutes from the Southport Central Business District. A highly desirable locality due to its proximity to all major amenities and services and the lifestyle along the Broadwater Parklands.
For more information on this opportuinty, please contract either Tony Grbcic or Adam Grbcic from Kollosche Commercial
Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
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If you'd like to inspect this property in person, please to arrange a private inspection.
Property ID: 503761970Last Updated: 2 Jun 2022