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Sold

51/1 Acacia Avenue, Surfers Paradise, QLD, 4217

1 Bed | 1 Bath | Apartment

$339,000

Sold On

21 April 2023

Best ROI for a 1 bed unit?

Absolutely stunning renovated large 1 bed unit in the well managed Sovereign Alpha in Surfers. This unit offers so much and has got one of the best floorplans for 1 bed unit that you could hope for and it has been renovated to a really high standard. The living area is open plan and massive for a 1 bed and it leads out to a large balcony with amazing views of the hinterland AND sea views. The large bedroom also has access to the deck and makes this one of the nicest layouts in the building. The building is in the prefect location, 2 blocks from Budds Beach, next door to the Marriott, 1 block from light rail, 2 blocks from the beach, easy access to Surfers, Southport and main arterial routes and boasting almost 100% occupancy of late this is a serious investment opportunity. Added to that you have a huge resort style swimming pool, spa pool and an onsite gym. Please note that a minimum of 50% deposit would be required (bank lending requirements) but if you are looking for a brilliant investment especially as a self funded retiree or running a self managed super fund then you simply MUST investigate this as an option, returning a conservative circa 6.5% NETT ROI (Genuine Nett on TOTAL INVESTMENT - including Stamp Duty- taking management fee, Council and water rates etc. into account) Once you see just how good this one stacks up you'll be amazed. Viewings by appointement and subject to availability to view. (The unit experiences very high occupancy rates.)
Donald Gibbs
Donald Gibbs
Property Expert
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Property Type: Residential

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