The precinct comprises 20 near new contemporary 4 bedroom apartments, located in a prime, high growth area of Surfers Paradise on the Gold Coast, close to all amenities. All units have a double lock-up garage and a further car space and lock-up storage provided in a secure basement. The units are spacious, with living areas averaging 145 sqm, plus an additional 37 sqm of courtyard and balcony areas. There is a common area BBQ facility situated in a central courtyard set amongst beautifully landscaped gardens. The complex is on-site managed such that the property is well maintained.Given it’s prime location, the complex is assured of significant rental demand which is strong. Of 19 units, 10 are currently being rented as ‘shared’ residential accomodation, with current average rentals of $836.00 per week, being achieved. Occupancy rates are running close to 90%. The remaining units are currently rented as commercial office space, to lawyers, consultants and business brokers, providing consistent long term returns. The Precinct offers the astute tenant and businessman excellent opportunity to live and work from the same location. The concept of ‘shared accommodation’ utilised by The Precinct achieves high rental income due to each bedroom of the apartment generating maximum income