4/81 Frank Street

Labrador QLD 4215

Auction Location: 64 Frank Street, Labrador. The OfferEvery now and then something special and unexpected comes along. Opportunity knocks with this excellent value first home or sound investment with modest body corporate, just a few meters to the Broadwater with transport right out the front. What to ExpectLabrador is a suburb on the rise as evidenced by multiple new apartment developments recently completed or under construction. So this small complex with only 7 units, Broadwater views and just minutes to local shops has opportunity written all over it. You will be impressed with the close proximity to foreshore walking paths, public transport linking to the light rail and Broadwater parks - all basically at the doorstep.A perfect north facing aspect allows natural light into the unit all day long. Relax on the balcony with a water view as the cooling breeze flows through in the summertime and subtle warmth of the sun embraces in winter.What You'll Love+ Open living style+ 2 good sized bedrooms and bathroom upstairs + Kitchen/dining/lounge downstairs+ Master bedroom with undercover balcony and view of the Broadwater+ Large carport with direct access to the unit+ Security doors upstairs and down+ Body corporate $65 per week temporarily until the end of 2020, then reduces to $30pw approx.+ Internal laundry space+ Bus stop, Broadwater, shops and cafes all close by+ Long term tenancy in place+ Current rental $285pw (5.7% gross yield on list price of $260,000)+ GCCC. Rates - 6 mths - $923.35+ GCCC Water - 3 mths - $325 approx.+ The building has just had brand new roof installed on all carportsIcing on the CakeSought after central position, surrounded by brand new apartment developments makes this an intelligent opportunity with future potential.Disclaimer: 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.