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Six in-one-line Tugun townhouses sell for $4.01M

AN Australian investor has snapped up six architecturally designed townhouses in-one-line for $4,010,000 in the ever-popular Gold Coast suburb of Tugun at 5 Croft Court.

The asset, that was offered to market 100 per cent leased, sat on a large 2,636sq m* elevated and private block with stunning views.

The property was marketed and sold by award-winning Ray White Commercial Gold Coast duo Jared Johnson and Lachlan Marshall.

Mr Johnson said all six of the townhouses had been 100 per cent leased since the project was completed a little over 18 months ago.

“We had 120 enquiries throughout the campaign – the most we’ve ever had for any asset – and that’s testament to the outstanding quality of this property,” he said.

“There’s no doubt Tugun has been on the rise for some time and it’s quickly becoming one of, if not the, most sought-after suburb on our glorious Gold Coast.

“The private Australian buyer has an excellent history of purchasing properties destined for growth and selling shares in these properties to overseas buyers.

“Given the uncertainty out there at the moment, the buyer had no hesitation in completing this deal, that just goes to show people are more than willing to pay for the right property.”

Mr Marshall said the six architecturally designed townhouses offered an exclusive boutique lifestyle close to shops and cafés – just minutes from beaches and Gold Coast Airport.

“The opportunity comprised a 100 per cent leased freehold investment generating a gross rental income of $201,424.58* p.a. with substantial depreciation benefits,” he said.

“This really was a fantastic opportunity to own an entire near-new unit block that had the benefit of full depreciation and builders guarantee.

“It was in a high-growth position with high rental demand and the property being so close to the hospital and university was a real bonus.

“The site also offered excellent connectivity and accessibility to a wide variety of business and lifestyle amenities across the Gold Coast.”

*Approximately.

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