227 Coral Coast Drive, Palm Cove, QLD 4879

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Under Offer

$209,000

An Attractive Return for the Savvy Investor...

If you have been looking for the perfect investment, look no further! This is the property you have been searching for.

Located in the beautiful Coral Coast Resort, this apartment is only a short walk from the Palm Cove Esplanade and all the amazing restaurants that Palm Cove has to offer.

The light-filled and open layout offers an easy to maintain property. Taking advantage of the tropical breeze, this apartment is ready to give you a return immediately or a light refurbishment will see you obtain a higher weekly rental return. Currently leased to a long term tenant, this resort style living, on the second-floor, is a sought after rental for tenants and will never be empty .

The apartment is being sold lightly furnished, has moderate body corporate fees and is currently enjoyed by a long-term tenant making this the perfect low-risk addition to any property portfolio.

Features:

2 Bedroom 1 Bathroom

Air conditioning throughout

Second Floor

2 lift access

Access to 4 resort pools

Good size balcony

Inspection by appointment

Have your piece of paradise with a return on investment hard to beat!

THE FACTS

Body Corporate Fees – approx $7400 pa

Council Rates – approx $2600 pa

Weekly Rent $285pw month by month lease

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Property Info:
  • Property ID: L11906075
  • Property Type: Apartment
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R&H Suburb Profile: Palm Cove

R&H Suburb Summary Houses
Number of sales 84
Average Price $847,330
Median Price $812,500
Median Rental Price $620 p.w.
Change in Rental Rate (5yr) 24 %
R&H Suburb Summary Units
Number of sales 170
Average Price $393,290
Median Price $290,000
Median Rental Price $365 p.w.
Change in Rental Rate (5yr) 14 %
Palm Cove, QLD - Median Trend
$812,500