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Land/Development

39 Frank Street Labrador, QLD 4215

Sold on 27 Jul 2017
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    Land/Development in Labrador

    Fully Leased - Near New Block of 18 Apartments On One Title

      • Rental Income $325,807* p.a. (fully leased^)
      • Total of 15 x one bedroom & 3 x two bedroom apartments
      • Currently 1 title can be strata-titled
      • Total of 25 car parks with easy street access
      • Five years old offering great depreciation
      • Total Land area 1,106m2*, Zoned high density residential
      • Great location near shops, cafes and Broadwater
      • One bedroom units under NRAS with a $125,036* annual tax credit
      • Owners serious about selling don't miss this outstanding opportunity!

      Auction
      Thursday, 27 July 2017 11am
      Venue
      Gold Coast Turf Club, Racecourse Drive, Bundall

      Matthew Fritzsche
      Ray White Special Projects (Qld)
      0410 435 891

      Michael Willems
      Ray White Commercial Gold Coast
      0412 240 176

      *approximately
      ^Subject to change
      **This property is being sold by Auction therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

      Investment Information

      Tenancy Status:

      Fully Tenanted

      Current Weekly Rent:

      $6,260 *

      Current Annual Gross Income:

      $326,414 *

      Current Annual Nett Income:

      $326,414 *

      Estimated Gross Yield:

      N/A (Marketed Without Price)

      Estimated Nett Yield:

      N/A (Marketed Without Price)

      Built in:

      2012

      Lots in Complex:

      18

      * The rental income figures are based on an estimate by the selling agent of the likely amount the property would rent for if marketed for lease

      All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply

      * The rental income figures are based on an estimate by the selling agent of the likely amount the property would rent for if marketed for lease

      All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply

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