104/33-37 Madang Crescent, Runaway Bay, QLD, 4216, Australia

There are not many investment properties available on the Gold Coast under $400,000 yet alone this one-bedroom ground floor unit in the highly sought after, Cove 35 building in Runaway Bay.

Cove 35 has a great location, at the end of a canal, with bridge free access to the Broadwater. There is a pool, BBQ area and communal pontoon. It is approximately 400 metres to the Runaway Bay Shopping Village and very central to all other amenities. The building is a mixture of long-term tenants and owner occupiers and I have never known for any of the apartments to be vacant.

Approximately 12 years old, this building has several advantages over other properties. Each unit has it's own water meter so for investors this means the tenant pays the water usage. It is also a good age for depreciation.

There is solar power on the roof which provides power for the communal areas and keeps the Body Corporate at a very reasonable level. Any power increases will have minimal effect on the Body Corporate.

The current tenants keep the property neat and tidy and the lease expires on the 30th of July so it isn't long until the rent can be reviewed or you have other choices.

Features include:

- Great location in a fantastic suburb
- Well designed one bedroom apartment with dual access bathroom
- Tiled floors, split system air conditioning
- Good size living with sliding doors to a covered balcony
- Good security with fob access to building and own level
- Canal Side pool with BBQ and communal pontoon
- Secure basement parking with lift access
- Low Body Corporate
- Excellent Manager
- Excellent tenant with lease until 30th July.
- Close to shops, transport, and most public facilities

Properties in this building don't last long so contact me now?

Disclaimer: 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 vendors, purchasers & tenants should make their own enquiries to verify the information contained herein.