6/59 Peninsular Drive, Surfers Paradise, Qld 4217

Incline Property are excited to bring to market one of the best entry level investment properties in the Surfers Paradise market, which will tick a lot of boxes for the astute investor, or someone who is looking for a potential future first home! This apartment is also fully furnished, with majority of the furniture you can see in the photos (send through a request for an item list). 

INVESTORS! This property has a potential gross yield of UP TO 7.55% depending on the purchase price, with a net yield around the range of 6.2% (not including management fees for leasing). This is a fully furnished, 71sqm floor plan that has been refreshed in the past two years to bring a modern appeal to the apartment. Our records show history of this apartment transacting from 1984 to give a rough age range of the building itself, with updates occurring over the years.

Boasting two generously sized bedrooms, with built in wardrobes, a nicely appointed bathroom, open living room with city views from the balcony, and a combined kitchen and dining space. This unit has been appointed with beautiful hybrid flooring and modern fixtures throughout to bring in air and light filled spaces. Accessing the home is a breeze with the digital door lock, which provides you the opportunity to potentially utilise the home as an AirBnB arrangement (subject to approvals). The building itself is a brick walk up construction, with this unit sitting on the third level.

The building is situated on a great land mass, and provides a full single car garage lockup for your vehicle. The garage space also incorporates the laundry setup, and additional storage area to ensure easy access to everything you could need! The building is in a low maintenance setup, with a range of communal assets.

6/59 Peninsular Drive is in the heart of Surfers Paradise, boasting position close to shopping, beaches, and more! You can find the unit approximately 1 minute from Cavill Avenue precinct, 2 minutes to Surfers Paradise beach, 2 minutes to Chevron Island, 4 minutes to Broadbeach, 6 minutes to the Spit, 15 minutes to Bond University, 20 minutes to Burleigh area and 35 minutes to the airport.

Features that you will love about the property can be summarised up here: 
- Two spacious bedrooms
- One modern bathrooms
- Storage!
- Central position to everything 
- Spacious Floor Plan
- Fantastic city views 
- Incredible investment or owner occupier opportunity

Properties of this calibre are hard to come by, so take the time to book and inspection with the team at Incline Property or come out to an open home. On hand, we have available more information on the property and are happy to answer any questions on this home.

Are you looking at this property as an investment? We have some further information that will assist you!

- Current Lease Agreement: $690 per week until 14/05/2025 (long term tenants)
- Council Rates: Approximately $1,272 per half year based on last bill
- Body Corporate Rates: Approximately $1,729 per half year based on last bill
- Water: Approximately $500 per half year based on last bill and individual usage

Current rental appraisal is $720pw to $750pw in current rental market.

Disclaimer: In writing this advertisement for a property sale, Incline Property has taken reasonable steps to ensure accuracy of information, however, it is expected that buyers and those interested are to undertake their own research and due diligence before buying.