BARGAIN PROPERTY! - Offers above $379,000

12 / 40 Ferny Avenue, Surfers Paradise

Under Contract
Property Type: Unit
2 Beds 2 Baths Approx 0 Square metres 1 car space

OWNER INSTRUCTS SELL - Iconic "Waterways" building. A short stroll to the beach and shops or just relax by the riverside!

Welcome to Unit 12 on the 4th floor of this iconic Surfers Paradise building "Waterways". Less than 500m to Surfers Paradise Beach offering a prominent central location you are only steps to shopping, restaurants and entertainment. Easy transport options getting you anywhere you might like to go with a secure car park and the Gold Coast's Tram network "The G" within reach. The Waterways building showcases stunning manicured gardens, lawns, pool and bbq area plus a jetty on the river! On Level 4 this massive 130m2 apartment features 2 bedrooms, 2 bathrooms, walk in closet to main bedroom and separate laundry. It is ideal for an owner occupier or investor.

Features Include:
- 2 bedrooms
- 2 bathrooms (including ensuites to main bedroom)
- Large open plan living & dining
- Spacious balcony for outdoor entertainment
- Split system reverse cycle air conditioning
- Wonderful views from the balcony
- Secure basement carpark
- Walking distance to almost anything you might need
- Beautiful grounds with pool, Bbq and Jetty
- Short stroll to Chevron Island shops and restaurant precinct

Gold Coast City Council Rates: $1,410* p.a. approx
Gold Coast City Water Rates: $520* p.a. approx
Body Corp: $100* per week approx (paid on time)
Sinking Fund: $644,629 as at 20th August 2019
Built: 1977
Rental Appraisal: $450 to $500 per week
Apartments in building: 69
Currently Vacant so you can move in or lease out
Gross ROI: 6.0% (assuming $500pw rent and PP of $430,000 )

An opportunity to purchase in an unbeatable location and while away the hours on the balcony watching the world walk by...

For further information or to arrange an inspection please contact Brad Scott or Wayne Haase.

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

Heating & Cooling

  • Air Conditioning
  • Split-System Air Conditioning
  • Reverse Cycle Air Conditioning
  • Split-System Heating

Outdoor Features

  • Balcony
  • Outdoor Entertainment Area
  • Remote Garage
  • Swimming Pool - In Ground
  • Courtyard
  • Fully Fenced
  • Secure Parking

Indoor Features

  • Built-in Wardrobes
  • Gym
  • Intercom
  • Dishwasher
  • Floorboards


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