Rainbow Bay

36/243 Boundary Street (The Bay Apartments)

'The Bay Apartments' - Rainbow Bay - Yours To Own Today!

Located in the secure Bay Apartments in the heart of Rainbow Bay and surrounded by a beach lifestyle is this comfortable fully furnished 2 bedroom apartment. Renovated a few years ago this property is in immaculate condition with no $$$ needed to be spent. With its resort style living and the security of onsite managers it's the ideal property for an investment, weekender or an owner occupier. Undercover security parking and perfectly located with only a short walk to the beach and coffee shops of Rainbow Bay and Coolangatta.

PROPERTY DETAILS

- Located in the top north eastern position of the building this apartment enjoys partial ocean views through to Rainbow Bay from the balcony, living and dining rooms
- Being an end unit this apartment has many additional windows allowing for plenty of natural light and excellent air flow
- Master bedroom with ceiling fan, 2 x built in robes for extra storage space plus ensuite
- Second bedroom with built in robe and ceiling fan
- Private balcony with lagoon pool view, security screens
- Main bathroom with combined shower/bath
- Storage/linen cupboards, intercom, built in laundry
- Underground security parking for 1 car
- Beautifully presented tropical gardens, spa and a large lagoon style pool with spacious BBQ decking area
- Building of 36 units, 3 storey walk up
- Well managed body corporate

LOCATION DETAILS

- Rainbow Bay is yours. Be as active or as tranquil as you like
- Only 50m from the beach
- Central walking distance to cafes, shopping centres, supermarkets, surf clubs, restaurants, Twin Towns & Jack Evans Boat Harbor
- 5 Minutes from Gold Coast Airport & Southern Cross University
- 45 Minutes to Byron Bay
- 1 Hour to Brisbane
- Flat walking distance to transport
- Close to a selection of private and public schools

Body Corporate: $99 per week (after receiving discount for paying on time)
Rates: $2,389.30 pa approx.
Water: $1,248.32 pa approx.

RENTAL PROJECTIONS

HOLIDAY

Low Season - $600 pw
Holiday/Events - $930 pw
Christmas - $1300

PERMANENT RENTAL

Currently permanently let for $470 per week, lease expiry 14th Feb 2017

Sold for $450,000

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Property Features

  • Body Corporate Fees
    $99 Weekly
  • Rental Return
    $470 Weekly Actual
  • Rates
  • Water Rates
    $1248.32 Yearly

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