Inspection by Appointment

UNDER OFFER – Only 3 bedroom in the complex! – Priced to sell this weekend! Be quick!

Situated in the “El Madrid” block of units on the Ground Floor, you will find this 3 bedroom, 1 bathroom single carport, and single car space unit in the heart of Labrador. Recently the building complete has had the roof replaced and new water pipes installed.

Small complex of 5 units. All other units are 2beds, 1 car each and have 5 lot entitlements. This is the ONLY 3 bedroom in the complex and has 7 lot entitlements. So therefore should a developer want to buy this site, you as the new owner would be entitled to more of the winfall, as you have more ownership rights.

– 3 bedrooms
– 1 bathrooms
– 1 car carport and 1 car space in the open
– seperate laundry
– Full appointed kitchen
– Wel manicured communal garden area at the front of the unit

Gold Coast City Council Rates: $1,775* p.a. approx
Gold Coast City Water Rates: $2,214* p.a. approx
Body Corporate: $80* per week approx (inc 20% pay on time discount)
Sinking Fund: $21,636* as at 08/11/2018
Rental Appraisal: $300 to $330* per week approx
Current Lease: $245 per week until 17/04/2019. Long term tenant been in the unit for over 10 years.
Year Built: 1976*

Ideally located just South of Charis Seafoods and the Grand Hotel. 1 block from The Broadwater and parklands. Next door to Montezumas Mexican restaurant and only a short stoll to the famous Cav’s Steakhouse and Butchery.

Unwind on a quiet tree-lined street along Marine Parade, yet just a stone’s throw from all the action and excitement at Harbour Town and Australia Fair Shopping Centres, that make Labrador so famous.

For further information or to arrange an inspection please contact Brad Scott or Wayne Haase please.

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

* denotes approximate measurements

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Brad Scott

Managing Director & Founder LREA B.Fin

(07) 5564 6070 | 0408 338 605

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