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Six in-one-line Tugun townhouses under the hammer

INVESTORS have a golden opportunity to snap up six architecturally designed townhouses in-one-line as 5 Croft Court in Tugun heads to auction on Thursday 20 February.

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

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

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

“The opportunity comprises 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 is a fantastic opportunity to own an entire brand-new unit block that has the benefit of full depreciation and builders guarantee.

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

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

“It’s also in close proximity to John Flynn Private Hospital, The Gold Coast International Airport, The Pines Shopping Centre and Southern Cross University.”

Mr Marshall said the Gold Coast had all the right economic drivers for continued growth, including massive infrastructure investment, record apartment activity and population growth.

“The Gold Coast is on a high-growth trajectory. According to the Queensland Government, the region is expected to experience the second fastest growth rate of all Queensland sub state regions between 2011 and 2036,” he said.

“Growth in the region stems from significant investment in infrastructure projects, major residential land supply, and increases in both intrastate and interstate migration.

“As at June 2019, the unemployment rate of the city is 5.35* per cent, below the state average of 6.3* per cent, and slightly above the national average of 5.2* per cent.

“Strong public and private infrastructure spending over recent years, and a pipeline of projects totaling approximately $10BN, will provide Gold Coast City with additional amenity to further increase lifestyle quality.”

The site is improved with six two-storey townhouses – each comprising of four bedrooms and three bathrooms.

The auction will be at the Gold Coast Turf Club in Bundall on Thursday 20 February at 11am.

All Townhouses have:

• Four bedrooms inclusive of fully self-contained separate bedroom/living space
• All bedrooms have built -n wardrobes and ceiling fans
• Two bedrooms fully ensuited and main bathroom and separate laundry
• Double automatic lock up garage with internal access
• Master bedrooms have walk -in wardrobe, ensuite and balcony
• Ducted air conditioning throughout
• Gourmet kitchens with island bench tops
• Landscaped rear yards
• Additional visitor parking
• 2km* to Tugun beach and close to a range of popular cafés, bars, shops, and Gold Coast International Airport.

*Approximately.

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