1 Bedroom Studio for Sale in HOPE ISLAND 2031/56 John Lund Drive

2031/56 John Lund Drive HOPE ISLAND

SOLD by The Edgar Natolo Team

This is a brilliant investment opportunity not to be missed in the Ramada Hope Harbour! Bright and convenient, this generous furnished 2nd floor studio apartment enjoys an aspect with views over the pool and towards the marina.

Ideal for investors or 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:
• Furnished studio unit with queen bed
• Full bathroom with shower & tub
• Kitchenette
• Air-conditioned
• 1 secure basement 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

Carpark:
The apartment also comes with 1 x designated carpark. For this apartment it is carpark number 231 on the attached plan (see both floor plan images)

Rent Return:
Currently tenanted at $280 p.wk on a month by month lease (periodic) - current market rent of these studio apartments are $310 per week.

Expenses:
• Insurance Yearly = $395.76 per year*
• Yearly Body Corporate Fee = $3,791.28 (Consisting of $2,415.12 admin + $1,376.16 sink with 20% pay on time discounts appplied)*
• 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 approx: (all charges are per 6 month billing cycle)*
• Category 1T - Principal Place of Residence minimum = $580.12
• Category 2T - Permanent Rental or Non-Principal Place of Residence min = $867.05
• Category 3T - Tourist Rental minimum = $1,168.50

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

If you will require finance, please note many banks will only lend 60% of the value, so you will need the remaining 40% in cash or equity of another property. Please confirm with your lender their criteria for a 37m² studio apartment.

The Edgar Natolo Team