18 Beach Road, City Centre
- This location has been autonomously mapped, it may not be exact.
A No Brainer!
If you do the math, this is a no-brainer.
A whopping 109m2 of lifestyle space – 2 bedrooms, 2 bathrooms, 2 car parks, with a bunch of additional features unique to the apartment as well as breath-taking waterfront views all for under $400,000.00?
Now, for those of you who are after an entertaining lifestyle of convenience & excitement and don’t want a million dollar debt to the bank - then consider this.
This leasehold property offers all the lifestyle advantages of spending $1,000,000 on a waterfront apartment, but at a fraction of the cost, with money to spare and lower serviceable costs.
So what’s the catch? Limited capital gain? – If you’ve got the opportunity to buy an apartment that would usually be worth $1,400,000.00 for $399,000.00 – You’ve got over $1,000,000 left in the pocket to use as you see fit.
If that’s not capital, I don’t know what is.
Additional extras to this apartment that you will find nowhere else in the building are;
· Heat pump/aircon (excellent at this time of the year).
· Large spa bath.
· Motorised roller blinds in master bedroom.
· Gas hob.
· Overhead electric heater on harbour balcony.
· Separate power outlet on harbour balcony.
· Tap on harbour balcony.
· Additional panels on balcony to provide total privacy.
· Wiring for home theatre speakers.
· Extra kitchen cabinetry and wine rack facing the dining area.
If this were freehold, you would be looking at $1,400,000 plus - EASILY!
That’s a $280,000 deposit, and an $1,120,000 mortgage.
That’s $56,000 of interest only payments every year.
A no brainer!
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Facts & Features
Disclaimer: Apartment Specialist are often asked to give information as to the area or dimensions of properties, including rooms, decks and patios. Apartment Specialists sources such information from third party sources (for example Council records, building management records) and passes this on; unfortunately it is not uncommon for such information to be inaccurate. If exact and accurate sizes or dimensions is an important factor in your decision then you as Purchaser must make your own independent enquiry from your own chosen expert (for example a registered valuer).