1 Bedroom Studio for Sale in HOPE ISLAND 2028/56 John Lund Drive

2028/56 John Lund Drive HOPE ISLAND

UNDER CONTRACT

Bright and convenient, this generous fully furnished 2nd floor studio apartment enjoys northern aspect with views over the Marina, 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's just a short stroll to catch the Couran Cove Flier over to the Resort or if friends come over.

A brilliant investment opportunity not to be missed features include:
• Fully furnished studio unit with 1 x queen bed (photo was prior to removal of extra bed)
• Full bathroom with tub
• Kitchenette with bar fridge
• Air-conditioning
• 1 x secure underground car space

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 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!

• Rent Return: Currently tenanted for $295 per week until 10/10/2021
• 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 (general Rate charge only)
• Category 2T - Permanent Rental or Non-Principal Place of Residence min $597.50 (general Rate charge only)
• Category 1T - Principal Place of Residence minimum $497.58 (general Rate charge only)

• Electricity is a shared component of single meter, a set price of $110/month is being charged against each unit. As with any rental property, electricity & telephone are at the tenants expense.

Borrowing funds?
Due to the following factors:
• Size of the studio apartment being 36 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%.



*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