11/89 Frank Street

Labrador QLD 4215

* Rates $873.76 (6mths); Water $287.74 (3mths)
* Body Corporate fees: $43.21pw (admin fee) + $21.47pw (sinking fund fee); Sinking fund balance $91,819.87 (as of 31/01/19)
* Rental $330pw
* Number of apartments 12
* Internal 72m2; External 8m2; Parking 15m2
Call Ben immediately on 0448 884 614 to register your interest.
OUTSTANDING PROPERTY INCLUSIONS
* Recently repainted the entire building
* Roof completely repointed
* Lifestyle locale
* Intercom access
* Views of the Broadwater
* Secure residents parking
* Undercover visitor parking
* Internal laundry
* New 125L hot water system
* Reverse cycle air conditioning
* Ceiling fans in both bedrooms and lounge room
* Well cared for original kitchen and bathrooms
INCREDIBLE LIFESTYLE FEATURES
* 50m to the pristine Broadwater
* 2.4km to Australia Fair
* 9.8km to Broadbeach/Pacific Fair/Star Casino
* 1.4km to Chirn Park
* 2.4km to Labrador Park
* 1.0km to Labrador State School
ABOUT THIS PROPERTY
When was the complex built? 1999
Mediterranean Surf was originally an investment club development and even to this day, there are several of the original investors holding units in the complex.
A pedestrian easement along the side of the building permits residents to stroll down to the Broadwater and pop in to one of the many cafes, restaurants and entertainment venues along Marine Parade.
WHAT IS HAPPENING IN LABRADOR
Rental demand continues to be a powerful attraction for investors in the revitalised Labrador. Major developers including one of Australia's largest, Sunland, have reinvested in Labrador due to the immense potential and opportunity of a suburb framed by the Broadwater.
There were 505 unit sales in Labrador over the last 12 months (2018). This is a continuation of annual declining sale volumes since the peak in 12 months (2017) of 624.
Unit price growth has trended up since June 2016 but the growth rate declined over the last 12 months, with 0.28% growth in the 12 months to June 2018.
Units in the $250,000 - $325,000 price range have held steady over this period as the stock typically is positioned well as an accessible entry price, which is so important for real estate.
So, what does all this mean for you, as a buyer? Well, with such sales volume it means the apartment market is active in Labrador, which is a good thing. Buyers have proven ready to acquire a home or an investment in the area, so liquidity over time is certain for well-priced properties.
ANYTHING ELSE
Like a loyal puppy, Labrador has been one of the Gold Coast s mainstays. There is untapped potential in Labrador and this has been recognised by Australia's biggest developer Sunland. Recently completed highrise developments (Coast) and new one's breaking ground (Summit, 372 Frank, 180 Marine) prove this is a suburb on the up and up.
Visitors flock here for the great range of accommodation, cafes and high-end restaurants. Sitting just north of Southport and just south of Biggera Waters, Labrador is popular for its calm waters, peaceful parks and views out to South Stradbroke Island
Disclaimer: The information contained herein is obtained from owners and/or relevant and legitimate third-party sources. We have, in preparing this information, used our best endeavours to ensure that the information is true and accurate however, we accept no responsibility, offer no guarantee or warranty and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Interested parties must rely solely on their own inquiries to verify the information contained herein.