Labrador, QLD, 4215, Australia

Are you interested in a 6%-plus return on a well-positioned townhouse in Labrador, one of the Gold Coast's best up and coming suburbs? The first unit offered for sale in the small complex of just 7 townhouses at 148 Frank Street since 2017 is available only off market to the right buyer.

A short walk to Broadwater, the 3 bedroom and two bathroom, two story townhouse is currently returning $855/week and is due for a rent review. Priced at $650,000, it is a low maintenance brick construction and has been recently renovated. Located in an area famous for high rise development, this complex will likely be bought out by a developer in the future.

The rooms are rented individually as follows:
$360 per week master bedroom with a private courtyard 6m x 2.5 m, rented for 6 years by the same female renter, with multiple rent increases over the years.
$270 room with a double balcony upstairs was rented to the same male renter for 4 years.
$225 room rented to a male renter for 6 months.

The renters would prefer to stay, but can vacate with a 2-week notice.

Additional features:
Body Corporate fees $71 per week.
Quiet location at the back of the small complex.
Open plan kitchen and living room.
New bathroom.
Laundry courtyard 2m x 2 m, with a cloth line.
Amazing views of the Grand Hotel from upstairs.
Single lock up garage with additional parking in driveway.
Ample storage space.
Close proximity to Broadwater, Frank Street reserve, shops, restaurants, and other essential amenities.
Easy access to public transportation and major road networks.

Don't miss this incredible opportunity to secure your dream home or investment in Labrador, less than 5 min walk to the Broadwater, just 55 minutes from Brisbane CBD and mere 10 minutes from the world famous beaches.