Now offered at just $695,000. Purchased new off the plan by the current overseas owners for $825,000 in June 2007.
ATTENTION INVESTORS, (AND PRIVATE BUYERS) YOU SHOULD CAREFULLY READ THIS, AS IT IS A GREAT INVESTMENT OPPORTUNITY? Now being offered at $695,000 and this Sky Home is seriously FOR SALE
This property has been listed for two days and the response and interest has been very high.
With today's 0.75% official cash rate, and still falling, we are experiencing a large amount of investors moving back to property to create a higher ROI and take advantage of the property price rises and the solid capital gains now occurring on the Gold Coast.
This Magnificent Sky Home presents investors with an excellent opportunity on two fronts.
One, It is owned by an offshore owner who wants to repatriate his money.
The overseas owner paid $825,000 off the plan and he has instructed us to offer this Sky Home at $695,000 ono.
Built in 2008 and in excellent condition with very good long term tenants who wish to continue renting this Sky Home.
The second, as you will see from the chart below, the property is returning 4.4% rental return with an excellent opportunity for capital gains in the future.
To calculate the property's rental ROI:
• Divide the annual return ($29,640 or $570/week) by the amount of the total investment or $695,000.
• ROI = $31,200 ÷ $695,000 = 4.4%.
• Your ROI is 4.4%.
It is rented until October 2020. The current tenants have lived in this Sky Home for 9 years and wish to continue their rental into the future, if possible.
Located on the 37th floor of this building with the most magnificent and expansive views east across the Broadwater looking directly at The Versace Resort, Marina Mirage, the Southport Yacht Club and East across the Pacific Ocean.
2 bedroom, 2 bathroom, 2 car parks, combined lounge and dining room, plus an adjoining north facing office/media room. All rooms take advantage of the magnificent views with a very roomy balcony!
If you are a private buyer and seriously attracted to this Sky Home, you will probably not be able to take up residence until the expiration of the lease, but wow what a magnificent centrally located Sky Home.
If you are an investor, you have a lease with guaranteed income until September 2020 and on negotiation, into ongoing into the future.
This is a highly desirable location within the Southport Business District, but far above the maddening crowd.
This Sky Home is being offered well below replacement cost as the vendor has other plans overseas.
Please move quickly to take advantage of this investment or private buyer ownership opportunity, as the owner has instructed us to liquidate fast.
Please phone Brian Phillis on 0411600100 for more information and to arrange a private inspection.
48 hours notice is required for inspection.
Whilst all reasonable effort is made to ensure the information in this publication is current, Alex Phillis Luxury Real Estate does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.