8/13 Hooker BoulevardBroadbeach Waters QLD 4218
Property Details for 8/13 Hooker Bvd, Broadbeach Waters
8/13 Hooker Bvd, Broadbeach Waters is a 3 bedroom, 8 bathroom Unit with 1 parking spaces and was built in 1978. The property has a floor size of 97m2. While the property is not currently for sale or for rent, it was last sold in September 2020.
Last Listing description (January 2022)
This is the definition of the over-hyped "rare opportunity", to secure 7 of 8 strata-titled villas in one, with wide northerly water and skyline views, directly opposite Pacific Fair. This is the bet that is sure to pay; where else can you buy a wide-waterfront parcel of this scale which is serviced by Queensland's best shopping centre, the light rail & bus terminal, the beach, Broadbeach's dining precinct, Star Casino, and everything else you could want within easy reach.
The long-term play would be to push for further development of the site, with the short-term play to renovate and increase income in the interim. The future is the key to this site, to unlock it's potential and push for a boutique tower which would take full advantage of the locality and position.
The Opportunity:
The Land:
2019m2, north to water, sandy beach
Currently zoned Medium Density Residential - 9m height limit / 2 storey
Easement on western boundary
Flat land sloping at the water's edge
The Building:
8 strata-titled three-bedroom villas over two levels, varying between 148m2 - 164m2
Approximate build date of late 1970's
Brick and tile construction
The Collective Financials Per Annum Gross*:
Rates - $15,994
Water - $12,480
Body Corporate - $13,258
Sinking Fund - $17,018.51 as of 29.11.2021
Projected Rental Income Collective - $198,380 - $210,340
Weekly Rental Income (Current or Potential)
U1 - Owner Occupied (Potential $580 - $600)
U2 - Owner Occupied (Potential $550 - $580)
U3 - Owner Occupied (Potential $450 - $525)
U5 - Current Rental - $380 Ending July 2022 (Potential $550-$580)
U6 - Current Rental - $480 Ending August 2022 (Potential $550-$580)
U7- Current Rental - $350 Ending July 2023 (Potential $430-$460)
U8 - Owner Occupied (Potential $700-$730)
Potential Annual Rental Income - $198,380 - $210,340
The Location:
100m Pacific Fair shopping centre
350m Light rail & bus station
700m Star Casino and Entertainment hub
800m Beach
950m Heart of Broadbeach dining and entertainment precinct
4km Surfers Paradise dining and entertainment precinct
5.3km Home Of The Arts cultural precinct
18.3km Gold Coast International Airport
*Approximately
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 purchasers should make their own enquiries to verify the information contained herein. * denotes approximate measurements
Property History for 8/13 Hooker Bvd, Broadbeach Waters, QLD 4218
- 27 Nov 2021Listed for Sale $9,200,000
- 02 Oct 2020Listed for Sale $650,000
- 05 Sep 2020Sold for $650,000
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About Broadbeach Waters 4218
The size of Broadbeach Waters is approximately 5.3 square kilometres. It has 7 parks covering nearly 5.9% of total area. The population of Broadbeach Waters in 2011 was 7,534 people. By 2016 the population was 7,783 showing a population growth of 3.3% in the area during that time. The predominant age group in Broadbeach Waters is 40-49 years. Households in Broadbeach Waters are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Broadbeach Waters work in a professional occupation. In 2011, 73.5% of the homes in Broadbeach Waters were owner-occupied compared with 72.3% in 2016.
Broadbeach Waters has 4,031 properties. Over the last 5 years, Houses in Broadbeach Waters have seen a 105.69% increase in median value, while Units have seen a 90.44% increase. As at 31 July 2024:
- The median value for Houses in Broadbeach Waters is $2,163,092 while the median value for Units is $921,179.
- Houses have a median rent of $1,300 while Units have a median rent of $720.
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