5/60 Frank StreetLabrador QLD 4215
Property Details for 5/60 Frank St, Labrador
5/60 Frank St, Labrador is a 3 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1975. The property has a land size of 125m2 and floor size of 114m2. While the property is not currently for sale or for rent, it was last sold in January 2019.
Last Listing description (December 2019)
Situated in the 'El Madrid' block of units on the Ground Floor, you will find this 3 bedroom, 1 bathroom single carport, and single car space unit in the heart of Labrador. Recently the building complete has had the roof replaced and new water pipes installed.
PRIME DEVELOPMENT OPPORTUNITY
Small complex of 5 units. All other units are 2beds, 1 car each and have 5 lot entitlements. This is the ONLY 3 bedroom in the complex and has 7 lot entitlements. So therefore should a developer want to buy this site, you as the new owner would be entitled to more of the winfall, as you have more ownership rights.
- 3 bedrooms
- 1 bathrooms
- 1 car carport and 1 car space in the open
- seperate laundry
- Full appointed kitchen
- Wel manicured communal garden area at the front of the unit
PROPERTY INFORMATION
Gold Coast City Council Rates: $1,775* p.a. approx
Gold Coast City Water Rates: $2,214* p.a. approx
Body Corporate: $80* per week approx (inc 20% pay on time discount)
Sinking Fund: $21,636* as at 08/11/2018
Rental Appraisal: $300 to $330* per week approx
Current Lease: $245 per week until 17/04/2019. Long term tenant been in the unit for over 10 years.
Year Built: 1976*
Ideally located just South of Charis Seafoods and the Grand Hotel. 1 block from The Broadwater and parklands. Next door to Montezumas Mexican restaurant and only a short stoll to the famous Cav's Steakhouse and Butchery.
Unwind on a quiet tree-lined street along Marine Parade, yet just a stone??s throw from all the action and excitement at Harbour Town and Australia Fair Shopping Centres, that make Labrador so famous.
For further information or to arrange an inspection please contact Brad Scott or Wayne Haase please.
We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
* denotes approximate measurements
Property History for 5/60 Frank St, Labrador, QLD 4215
- 04 Jun 2019Listed for Sale UNDER OFFER - $248,000 o.n.o - Be Quick!
- 23 Jan 2019Sold for $245,000
- 13 Nov 2018Listed for Sale UNDER OFFER - $248,000 o.n.o - Be Quick!
Recent sales nearby
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0About Labrador 4215
The size of Labrador is approximately 5.0 square kilometres. There are 19 parks, covering nearly 14.6% of the total area. The population of Labrador in 2016 was 18261 people. By 2021 the population was 18643 showing a population growth of 2.1% in the area during that time. The predominant age group in Labrador is 50-59 years. Households in Labrador are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Labrador work in a professional occupation.In 2021, 50.80% of the homes in Labrador were owner-occupied compared with 45.10% in 2016.
Labrador has 12,095 properties. Over the last 5 years, Houses in Labrador have seen a 80.57% increase in median value, while Units have seen a 114.22% increase. As at 30 June 2026:
- The median value for Houses in Labrador is $1,260,776 while the median value for Units is $871,221.
- Houses have a median rent of $780 while Units have a median rent of $720.
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