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Engin Apartments, 4-8 Bradford Street Labrador, QLD 4215

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Engin Apartments, 4-8 Bradford Street,
Labrador, QLD 4215

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Key property information

Land area

Floor area

Car spaces

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$537,963
Number of Tenants
30 Tenants

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Map of Engin Apartments, 4-8 Bradford Street

Directions
  • Train stations within 5 km of Engin Apartments, 4-8 Bradford Street, Labrador, QLD 4215Distance
    Mid Monorail Station1.8 km
    Sea World Resort & Water Park Monorail Station1.8 km
    Monorail Main Station1.9 km
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  • Tram stops within 5 km of Engin Apartments, 4-8 Bradford Street, Labrador, QLD 4215Distance
    Nerang Street2.2 km
    Light Rail Depot2.5 km
    Gold Coast University Hospital2.9 km
    Parkwood East4.4 km
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  • Bus stops within 5 km of Engin Apartments, 4-8 Bradford Street, Labrador, QLD 4215Distance
    Ahern St Near Bradford St113 m
    Ahern St Near Central St202 m
    Ahern St Near Robert St206 m
    Gold Coast Hwy at Central Street274 m
    Central St Near Proud St311 m
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Entire Block of 30 Residential Units

  • 100% Occupied - 30 Apartments
  • Close to Broadwater and Light Rail
  • Minutes to Australia Fair & Harbourtown
Tony Grbcic and Adam Grbcic, proudly present the "Engin Apartments" Building located at 4-8 Bradford Street, Labrador, to the market via a formal Expression of Interest Campaign.

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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Additional information

Property ID: 503761970Last Updated: 2 Jun 2022

realcommercial.com.au logo
Engin Apartments, 4-8 Bradford Street
Labrador, QLD 4215
Kollosche - Broadbeach
12-14 Albert Avenue
BROADBEACH, QLD 4218
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