40/3030 The Boulevard, Carrara

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Unique Dual Income Investment Opportunity

Welcome to The Boulevard, Emerald Lakes, a truly unique dual income investment opportunity. This two level property comprises of a three bedroom apartment on level one and a restaurant space on ground floor. Positioned in the heart of this standalone, Mediterranean inspired estate that overlooks the gorgeous Surfers Paradise and Broadbeach Skyline.


Three Bedroom Apartment

Positioned on the water’s edge, apartment 40 offers a lifestyle most apartments cannot. Mediterranean styled, this three bedroom abode features open plan living and dining that flows seamlessly onto the oversized balcony, overlooking the breathtaking Lake and City Views. Equipped with a chefs inspired kitchen, quality cabinetry and stone finishes throughout, this apartment ticks all the boxes. Considering the locality of the apartment with both Broadbeach and Surfers Paradise just a minutes away, the property has currently been appraised to return up to $850 per weekhe current market. Emerald Lakes has an array of cafes and fine dining options, not to mention access to the one of the Gold Coast’s most popular golf courses and country clubs.

Ground Floor Commercial Space

Unlike no other, 40/3030 The Boulevard includes a picturesque restaurant space currently being occupied as a Pizzeria and is returning $33,800 plus GST per annum. This ground floor commercial space adjoins a terrace space which overlooks the stunning lake and boardwalk.


Council:
Water usage (quarterly): $300 approx
Rates (6 months): $1,500 approx

Restaurant Lease:
Expiry: 6/10/2026
Option Period: 2 x 5 Years
Bond: 3 Months PLUS GST
Rent: $33,800 plus GST per annum
CPA Review Dates: October Each Year

Body Corporate:
Sinking Fund as at 31/3/22: $415,440
Levy Notice 01/04/22 – 30/06/22: $3,071.73

Apartment:
Current rent: $650 per week
Current market appraisal: $750 - $850 per week
Lease: Month to month


DISCLAIMER: In the preparation of this ad, we have used our best endeavors to ensure that the information contained herein is true and accurate and accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own inquiries to verify any information contained herein.

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