3018/11 John Lund Drive, Hope Island, QLD, 4212

Bright and convenient, this generous fully furnished 3rd floor studio apartment enjoys northern aspect with views over the Marina. Ideal for for investors, owner occupiers looking to secure a foothold in this luxury position. Hope Harbour residents enjoy their own private access to the boardwalk, fringed by pristine waterways and decorated with recreational watercraft. Plus, it's just a short stroll to catch the Couran Cove Flier over to the Resort. Features include: Fully furnished studio unit with queen bed Full bathroom Kitchenette Air-conditioned Secure car space Blue chip location in an attractive price range Only 5 minutes to the restaurants and cafes of Paradise Point or the prestigious Sanctuary Cove where you can enjoy boutique shopping, classy dining, a round of golf or all your boating options from this excellent location plus located just 2km from the Broadwater on the Coomera River and the new shopping centre "The Market Place with Woolworths and Aldi as well as numerous other branded shops and easy access to the M1 for commute to Northern NSW and Brisbane, this one really is not to be missed! Rent Return: Currently tenanted to a long term tenant at $310 p.wk until the 30/7/2022. Current market rent of these studio apartments are $350 per week. Expenses: Insurance Yearly = $359.80 per year* Yearly Body Corporate Fee = $5,199.67 (with pay on time discounts etc)* + $295.32 p.a for insurance. Council Rates per year (see below for use) Water Rates $335 per quarter approx. (shared between lots) Council Rates: (all charges are per 6 month billing cycle)* Category 3T - Tourist Rental minimum = $1168.50 Category 2T - Permanent Rental or Non-Principal Place of Residence min = $576.50 Category 1T - Principal Place of Residence minimum = $480.12 Borrowing? Due to the following factors: Size of the studio apartment being under 40m² of "living space" Being a studio it has a kitchenette, not full kitchen Being a studio it is does not have a "separate bedroom" Being located in a Hotel or Resort If you will require finance, please note many banks will only lend 60% of the value, so you will need the remaining 40% in cash or equity of another property. Please confirm with your lender their criteria for a 37m2 studio apartment.