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204/33-37 Madang Crescent,
Runaway Bay 4216, Queensland

1 bedroom
1 bathroom
1 car space
60m² land size
Apartment

$410,000

Property details

Invest or Live In The Best Location

Beautifully presented, this one-bedroom unit in the highly sought after, Cove 35 building, presents options for a savvy investor or as a comfortable alternative to renting.

Cove 35 has a great location, at the end of a canal, with a pool, BBQ area and communal pontoon. It is approximately 400 metres to the Runaway Bay Shopping Village and very central to all other amenities. The building is a mixture of long-term tenants and owner occupiers.

Approximately 12 years old, this building has several advantages over other properties. Each unit has it's own water meter so you don't have to share a water bill. For investors this means the tenant pays the water usage. It is also a good age for depreciation.

There is solar power on the roof which provides power for the communal areas and keeps the Body Corporate at a very reasonable level. This means any power increases will have minimal effect.

The current tenant has been there for two years and keeps the unit in immaculate condition, as if it was her own property. Her lease expires on the 16th of March and she would dearly love to stay there, even with a rent increase. She has however been given notice so that the new owner has the option of renegotiating the lease or becoming an owner occupier:

Features include:

- Great location in a fantastic suburb
- Well designed one bedroom apartment with dual access bathroom
- Tiled floors, split system air-conditioning
- Good size living with sliding doors to a covered balcony
- Good security with fob access to building and own level
- Canal Side pool with BBQ and communal pontoon
- Secure basement parking with lift access
- Low Body Corporate
- On site manager
- Excellent tenant if required or available for owner occupier.
- Close to shops, transport and most public facilities.

Properties like this don't last long as they are an inexpensive alternative to renting.

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective vendors, purchasers & tenants should make their own enquiries to verify the information contained herein.

Explore the area

School catchments

  • St Francis Xavier School Primary Prep-6 Catholic 1.2km
  • Biggera Waters State School Primary Prep-6 Government 1.2km
  • Labrador State School Primary Prep-6 Government 2.6km
  • Coombabah State School Primary Prep-6 Government 3.2km
  • A B Paterson College Combined Prep-12 Independent 4.5km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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