628 & 629/138 Ferny Avenue, Surfers Paradise, QLD, 4217

$417,500
Sold on 31st January 2023
  • 2 BED
  • 2 BATH

Sovereign Alpha - Dual Key Apartment

Looking for a holiday bolt hole that will earn you a positive return with minimal effort?

You simply wont beat buying 2 units at once for the price of one, on the Sub Penthouse level the views will blow you away.

That’s right, you can buy TWO separate stand alone apartments, on one title that can and will give you a dual income, for less than what you’d expect to pay for a 2 bed apartment that has comparable facilities.

This Layout offers a generous sized 1 bedroom apartment, with awesome views AND a seperate studio apartment located in the Sovereign Alpha resort. This swell run building has an amazing location and the facilities are brilliant.

2 blocks from Surfers beach and Budds Beach just down the road, 1 block from light rail, easy walk to surfers and an amazing resort style rock pool on site this unit offers so much.

Zoned as a commercial unit there are occupancy and lending restrictions to navigate but this is an amazing investment opportunity. Perfect for self managed supers of cashed up investors (50% lending rates apply) rental appraisal combined $700/$800 p.w.

You could have 3 month tenancies in place (huge demand), holiday let through the awesome onsite management team, or AirBNB the unit for top $ with the onsite team running your bookings for you. You really do have endless opportunities here.
Plus you can stay here on holiday as long as you want whenever you want.

Perfect for interstate travel, perfect place to set up base for holiday or as a launch pad for the family home property search. These units will offer a GENUINE NETT return in excess of 5%.

Contact us NOW for an info pack and to arrange a viewing.


Property Details
Property Type: Residential

Property Features
Air Conditioning
Broadband Internet Available
Balcony
Swimming Pool-In Ground

Property Location

Donald Gibbs
Property Expert