Merlion Cove complex is on the water. Our unit faces East and does not have water views, instead loverly trees. But has not affected the ability to rent it out for 15 years. Always rented. 63mtr squ included the garage and balcony. INVESTORS around 6.39% to 6.56% REURN DEPENDING ON PURCHASE PRICE. RENT $280PW $230,000 BUT negotiable. 99.8% RENTED OVER LAST 10 YEARS. Last time the manager placed an ad for a tenant 15 people applied the first day. Units in this complex go very quickly because of the location, being on the water and the gardens are immaculate and comparable to the top resorts on the Gold Coast. Pet friendly with permission from the Body Corp. There are dogs and cats already living there. One small dog or 2 cats. Only one available on the top level. Balcony facing East. 3 Storey walk up but ground is considered 1st floor then walk up only two flights of stairs. Have a boat then there are 2 jetties to tie up on. However it is for loading and unloading and you can keep it there 4 days. You need to keep the boat elsewere when not in use. EG: On a trailer underneath in the car park etc. All areas are secured. Common areas only accessible via key. Grounds, swimming pool and BBQ areas are accessible to tenants and owners only and public do not have access. This is NOT a holiday resort but residential living by owners or tenants therefore there is no noise and undesirable behaviour at any time. Walking distance to the Broadwater. 220 meters walk only for a swim or walk or use the exercise machines provided by council. Buses on Marine Parade 220 meters away. 10 minutes drive to Southport. Waterfront park adjoined the property on the left side. It is a no through road so traffic is minimal. Locals only so no traffic noise at night. If you are an investor then we will give you a depreciation schedule for FREE. Cost over $2,000. 1 bedroom unit for sale. Three story walk up. 1 bathroom with shower. Cloths dryer. 1 X car space in underground lock garage. On site manager 2 X Swimming pools 2 X BBQ areas. Jetty as well. Very well kept grounds. * Walking distance to the Broadwater. 220 meters walk * Buses on marine Parade * 10 minutes drive to Southport. * Waterfront park adjoined the property Rent $280 Per Week. Rates $839.65 half year Water rates $314.03 quarter. B/C Admin Fund $644.99 quarter. B/C Sinking fund $225.64 quarter. Disclaimer: Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.