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1 Bedroom Apartment for Sale in HOPE ISLAND 1014/56 John Lund Drive
HOPE ISLAND
1014/56 John Lund Drive
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UNDER CONTRACT
A brilliant investment opportunity not to be missed in the newly renovated Ramada Hope Harbour. These are now becoming extremely rare and limited!
Bright and convenient, this generous fully furnished ground floor studio apartment enjoys direct access to the gardens and footsteps to the Marina boardwalk. Ideal for for investors, owner occupiers 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.
Features include:
• Fully furnished studio unit with queen bed
• Full bathroom
• Kitchenette
• Air-conditioned
• Secure car space
• Blue chip location in 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!
• Pet Policy: Sorry NO pets allowed.
Rent Return:
Currently lease for $305.50 per week until the 5th July 2021
Expenses:
• Insurance Yearly = $359.80 per year*
• Yearly Body Corporate Fee = $2,692 (with pay on time discounts etc)*
• Council Rates per year (see below for use)
• Water Rates $335 per quarter approx. (shared between lots)
• Electricity charged at a flat fee of $110 per month
• Council Rates: (all charges are per 6 month billing cycle)*
• Category 3T - Tourist Rental minimum = $1168.50
• Category 2T - Permanent Rental or Non-Principal Place of Residence min = $576.50
• Category 1T - Principal Place of Residence minimum = $480.12
Borrowing funds?
Due to the following factors:
• Size of the studio apartment being under 40m² 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
Many banks will not lend over 60% of the sale price. You WILL need 40% deposit or equity used from another property in order to avoid these issues with Mortgage Insurers etc.
* 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.
