Robina | Mudgeeraba | Nerang
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  • 18/1444 Gold Coast Highway, PALM BEACH, QLD 4221

18/1444 Gold Coast Highway, Palm Beach, QLD 4221

  • 1 Bed
  • 1 Bath
  • 1garages

Sold

Sold for $365,000 on Oct 30, 2023

Big price reduction!

Don't miss this opportunity to secure your new home or investment in one of the most popular spots on the Gold Coast, Palm Beach.

Tucked away on the upper level of this 2-storey walk-up complex you will find Unit 18, a studio-style unit that is just as neat as a pin and also comes with a secure car park.

Originally built as a motel, this complex has been built to last, is still in great condition and is just minutes to the beach. There is a great tenant in place paying $370 per week (leased until July 24) and a low body corp of just approx $37 per week, making it ideal for the buyer looking to enter the market on a budget or the astute investor looking to add to their portfolio

COMPLEX FEATURES:

* Secure building with just 28 units

* Shared in-ground swimming pool

* Pet friendly

* Located on the public transport route

*Secure underground carpark

STUDIO APARTMENT FEATURES:

* Open plan layout

* Kitchen / combined laundry

* Separate bathroom

* Split system air-conditioning

* Ceiling fan

Inclusions:

* Bed

* Washing machine

* Dishwasher

* Refrigerator

* Cooker

Rates:

Body Corporate: $37 per week

Rates: $2,248 annually

Water: $1,080 annually

LOCATION:

* 2-minute walk to the beach

* 5-minute walk to a range of popular cafes and restaurants

* 8-minute drive to The Pines Shopping Centre

* 10-minute drive to Burleigh Heads

* 12-minute drive to Gold Coast International Airport

* 1-hour drive to Byron Bay

* 1-hour drive to Brisbane / Brisbane Airport

With the Gold Coast market so hotly contested at the moment, opportunities like this just won't last long!

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avatar Wendy Sheely
Wendy Sheely
Sales Consultant & Area Specialist
avatar Tod Scotman
Tod Scotman
Sales Consultant & Area Specialist

Got a property to sell? Contact us for a free Request Appraisal

Property Info:
  • Property ID: L24146875
  • Property Type:Studio
  • Garages:1
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R&H Suburb Profile: Palm Beach
R&H Suburb SummaryHouses
Number of sales217
Average Price$2,123,010
Median Price$1,625,000
Median Rental Price$955 p.w.
Change in Rental Rate (5yr)58 %
R&H Suburb SummaryUnits
Number of sales265
Average Price$1,018,547
Median Price$882,500
Median Rental Price$750 p.w.
Change in Rental Rate (5yr)79 %
Median Trend - $1,625,000
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