Teneriffe Apartment – 2 bedroom 2 bathroom 2 carparks – $500,000.- neg
– UNDER CONTRACT –
This unit on the top floor of Teneriffe Hill Apartments has been rented since the late 1990s. With a floor area of about 107 square meters it was built during the days when apartments were spacious and light-filled, and this apartment features a balcony of roughly 20 square meters that’s ideal for entertaining a few friends with a BBQ or an afternoon drink, or perhaps dinner for 10 friends.… The louvres allow you to open up the balcony to allow as much natural light as you could wish for, or you can semi-close them adding privacy to your dinner party but still allow the breeze to come through. The perfect North Eastern aspect offers the sunlight in the morning and shelter from the hot Western afternoon sun.
Go downstairs and you find yourself in the heart of the Teneriffe café precinct; your choice of coffee, gelato, a quick lunch or a 5 star dinner awaits, and it’s all just a few minutes walk from home. Teneriffe is superbly serviced by public transport, the 199 bus every ten minutes, the Teneriffe Flyer which gets you into the CBD in just minutes and the ever popular City-cat ferries that will drop you at the Powerhouse for a concert or Southbank for a BBQ.
The unit has been well-maintained; you could buy it now as is, and move in or rent it out, knowing that you’ve secured by far the lowest priced 2 bedroom, 2 bathroom apartment with TWO secure under-cover carparks on the New Farm peninsula. The Body Corp fees are low – that’s because there is no gym, elevator, pool or other high maintenance facility within the complex. Those kinds of facilities are easily found in nearby streets though.
For those with imagination though, this apartment offers the perfect spacious canvas for adding your own modernizing touches …. get rid of the Californian yellow & upgrade the kitchen, cover up the 90’s terra-cotta tiles, and add some stylish light-fittings to the 9 foot ceilings to bring the unit into the 21st century. The carpet is only a few years old, so what would you do with that? And the lino? It’s the best in the business and would outlast a few more tenants or you could replace it with a modern 600×600 tile that’s trendy today. Your canvas – your choice.
If you happen to have a furry friend, it’s nice to know that the building is pet friendly, so you can live here with your best friend.
BCC Rates $394/qtr – Utilities $263/qtr – Body Corp $1,068/qtr
Contact Ronnie@crebrokers.com for further details.
(This property presented in conjunction with CRE Brokers)
Perch Realty – Central Queensland Brokers is pleased to be working with CRE Brokers, servicing the Accommodation Business owners of Central Queensland, providing a Business and Commercial Brokering Service. Please view our current listings here.
“Go higher North for higher ROI.”
It takes a few hours behind the wheel to truly escape the concrete jungle that is South East Queensland. A hustle and bustle of traffic jams, trucks & buses, and lack of car parks. If you make the effort to travel North you will be well rewarded; a lower cost of living; cheaper and fresher fruit and vegetables & the absence of toll roads will make you wonder why you never moved here earlier.
Accom Investors who place a high level of importance on ROI are well advised to view the Investment Opportunities in Central Queensland. The Fraser Coast, Discovery Coast, Capricorn Coast & Whitsunday Coast regions boast a strong Tourism Sector, benefitting from Heritage-listed Fraser Island, The Great Barrier Reef marine park and the Whitsunday Island Group. Much of the Central Queensland region also greatly benefits from Investment in Mining Activities.
For MLR, Hotel & Motel buyers, the multipliers in the Central Queensland Region are more favourable then those in South East Queensland, which makes investing in Central Queensland much more attractive.
Some of the Returns around Central Queensland;
Bargara 16.7% ROI (SOLD); Hervey Bay 18.5% ROI (SOLD); Childers 29% ROI; Longreach 36% ROI; Airlie Beach 30% ROI
For the sale of your Caravan Park, Motel, Hotel or Management Rights anywhere between Longreach, Airlie Beach and Hervey Bay contact firstname.lastname@example.org
The owners of this motel have been here for 11 years and it is time to retire.
For some hard workers, here is an opportunity to get into the industry for a small price. This Motel, in a highly visible location as you enter a historic town in the Burnett region needs to be sold, as the current owners need to retire and take care of other more pressing issues.
The new owners will start with a fresh 25 year lease. The Motel has 14 rooms, some doubles, some twins and some family rooms, as well as a fully registered commercial kitchen. The kitchen is not being used for commercial purposes at the moment, so for a hard working operator there is an opportunity to capitalise on what the current owners are forgoing.