36 Elliot Street Surfers Paradise QLD 4217

GV Property Group proudly presents 36 Elliott Street, Isle of Capri, Surfers Paradise, Queensland, Australia for sale via Expressions of Interest (EOI)

Property Description: A three-level building comprising 16 fully fitted one and two-bedroom apartment's over ground and two upper floors, to be sold in-one-line.

Total accomodation includes 26 bedrooms and 23 bathrooms. The ground floor secure car park provides 20 car spaces (15 secure covered and 5 visitor spaces).

Access to the property is via Elliott Street to the north and the apartments overlook the Isle of Capri canal to the east, providing private jetty access and roof top amenities overlooking Surfers Paradise.

Net Saleable Area: 1,327.60 sqm (approx.)

GBA: 1,884 sqm (approx)

Zoning: Medium Density Residential

Year Built: 2015

Improvements: Landscaped rooftop recreation area including wet bar and barbeque facilities and private jetty from Canal to the rear.

Gross Income: $534,820 fully tenanted per annum (approx.)

Upside: Potential for rental upside once rent reviews are completed.
Opportunity for professional Body Corporate Managers to add 16 apartments to a portfolio.
Potential to strata sub-divide entire complex and sell down over time.
Waterfront location attracts tenants, providing close to 100% occupancy.

Purchasers are invited to contact the exclusive selling agents GV Property Group for further information or to schedule a private inspection.

Antonio Mercuri 0434 629 521

Marcus Neill 0452 405 782

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.