1 Bedroom Apartment for Sale in HOPE ISLAND 1014/56 John Lund Drive

1014/56 John Lund Drive HOPE ISLAND

UNDER CONTRACT

This is an opportunity not to be missed in the newly renovated Ramada Hope Harbour!

This studio apartment is currently leased on a month to month agreement at $270 per week. After that you have many options, you can either live in, keep it rented on a permanent basis or make it part of the Ramada Holiday Let or use as your holiday home.

Bright and convenient, this generous fully furnished ground floor studio apartment enjoys northern aspect with views over the pool.Ideal for for investors looking to secure a foothold in this luxury position.

Hope Harbour residents enjoy their own private access to the boardwalk, fringed by pristine waterways and decorated with recreational watercraft. Plus, it is just a short stroll to catch the Couran Cove Flier over to the Resort or if friends come over, dine at the Ramada International which is footsteps away.

Features of this fully furnished studio apartment include:
• Full bathroom
• Kitchenette
• Air-conditioned
• Secure car space
• Blue chip location with an attractive price range

Only 5 minutes to the restaurants and cafes of Paradise Point or the prestigious Sanctuary Cove where you can enjoy boutique shopping, classy dining, a round of golf or all your boating options from this excellent location plus located just 2km from the Broadwater on the Coomera River and the new shopping centre The Market Place with Woolworths and Aldi as well as numerous other branded shops and easy access to the M1 for commute to Northern NSW and Brisbane, this one really is not to be missed!
Body Corporate: $99.96 per week (inclusive of admin & sinking fund plus building insurance)
Council Rates: (all charges are per 6 month billing cycle)
• Category 3T - Tourist Rental minimum $1208.50 (currently charged at)
• Category 2T - Permanent Rental or Non-Principal Place of Residence min $597.50
• Category 1T - Principal Place of Residence minimum $497.58
Electricity: is a shared component of single meter, a set price of $110 per month is being charged against each unit.

Borrowing funds?
Due to the following factors:
• Size of the studio apartment being under 40 squares of "living space"
• Being a studio it has a kitchenette not full kitchen
• Being a studio it is does not have a "separate bedroom"
• Being located in a Hotel or Resort
Banks will not lend over 80% of the sale price. You WILL need 20% deposit or equity used from another property in order to avoid these issues with Mortgage Insurers which is needed when borrowing over 80%.

Contact The Edgar Natolo Team for an inspection on 0404 450 380.



*Disclaimer: 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.*

The Edgar Natolo Team