OFF MARKET

101/64 Palm Meadows Drive
Carrara QLD 4211

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 39m2
Land area: 4952m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 22 Jul 2024
Low

High
Save

Property Details for 101/64 Palm Meadows Dr, Carrara

101/64 Palm Meadows Dr, Carrara is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1997. The property has a land size of 4952m2 and floor size of 39m2. While the property is not currently for sale or for rent, it was last sold in April 2020.

Building Type
Unit
Year Built
1997
Floor Size
39m2
Land Size
4952m2
Local Government
Gold Coast City
Lot/Plan
101/BUP106514

Last Listing description (July 2020)

Fantastic Fun Investment (with perks)
Formally known as 101/64 PALM MEADOWS DRIVE, CARRARA Room 4201

This is a rare opportunity to add a quality serviced unit at the prestigious Mercure Gold Coast Resort to your investment property portfolio or your self-managed superannuation fund. Let’s talk about the investment (and a few handy perks) then, the quality of your new property investment.

Straight up, it’s important to realize that your investment unit cannot be owner-occupied. It is a unit within the Mercure Gold Coast Resort unit owners’ pool, professionally managed by Mercure, where income is ‘pooled’ and distributed to all owners quarterly. This makes it an equitable outcome incapable of favouritism on bookings etc. The occupancy levels are high with wedding conferences and weddings booked throughout the year.

But know this: A major benefit of owning this quality investment unit is that when you receive your quarterly income it is all yours as the Resort pay for all repair and maintenance. Plus, they do a complete unit upgrade/renovation on a regular basis, so there is no requirement for you to replace consumable such as mattresses, kettles etc. They also take the Body Corporate fees out before they send your remittance, so it is a ‘bookwork friendly’, stress free investment.

Put simply, hotel management take care of everything…and the returns make the current interest on term deposit look pathetic. Make sure you enquire about this one today.

Here are some owner benefits that will sweeten the attraction of this investment. Each year you are allowed two weeks FREE accommodation at this fabulous resort, all you have to pay are the cleaning fees, AND you also get a 50% discount on all meals during your stay.

The resort is perfectly positioned for business and pleasure, just a 10-minute drive from the Gold Coast beaches and Surfers Paradise. Robina Town Centre, sporting stadiums, and theme parks are also located nearby! Surrounded by Palm Meadows Golf Course, the resort offers the following services to its guests:

- Two swimming pools
- Conference facilities
- Tennis courts
- Fitness/health centre
- Massage/day spa facilities
- Broadband Internet access
- Restaurant/bar
- Body corporate is approx $34 per week with excellent nett returns.

Unit 4102 on the first floor in the low set BROLGA building is your specific investment unit. It’s closest to the reception and all the facilities. Two King sized beds, attractively decorated to the standard one expects of a Mercure operation complete with a very usable Romeo balcony. The photos will immediately show you it is very well presented.

Conclusion: Your very own investment unit, where you can also avail of two weeks of holidays with other perks, will also give you a steady return much more than that very sad bank deposit book. Game-set-match as the tennis commentators might say!

Disclaimer:
RE/MAX use best practice standards in accordance with the latest Government recommendations to help stop the spread of COVID-19. Please inspect our properties with confidence.

Disclaimer
In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Property History for 101/64 Palm Meadows Dr, Carrara, QLD 4211

A timeline of how this property has performed in the market
Last Sold
$53,000
24 Apr 2020
  • 24 Apr 2020
    Sold for $53,000
  • 30 Jan 2020
    Listed for Sale Interest Above $69,000
  • 08 Jul 1997
    Sold for $169,900

Commute Calculator

About Carrara 4211

The size of Carrara is approximately 13.8 square kilometres. It has 19 parks covering nearly 26.3% of total area. The population of Carrara in 2011 was 11,568 people. By 2016 the population was 12,040 showing a population growth of 4.1% in the area during that time. The predominant age group in Carrara is 50-59 years. Households in Carrara are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carrara work in a professional occupation. In 2011, 66% of the homes in Carrara were owner-occupied compared with 67.6% in 2016.

Carrara has 6,293 properties.

    There are currently 59 properties listed for sale, and 20 properties listed for rent in Carrara on OnTheHouse. According to CoreLogic's data, 347 properties were sold in the past 12 months in Carrara.

    Suburb Insights for Carrara 4211

    Market Insights
    Trends for Houses
    Median Value

    N/A

    -
    View Trend
    Median Growth

    N/A

    View Trend
    Median Rent

    N/A

    -
    View Trend
    Rental Yield

    N/A

    -
    View Trend


    Median Value over 1 year
    Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
    Trends for Units
    Median Value

    N/A

    -
    View Trend
    Median Growth

    N/A

    View Trend
    Median Rent

    N/A

    -
    View Trend
    Rental Yield

    N/A

    -
    View Trend


    Median Value over 1 year
    Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
    Neighbourhood Insights
    Age
    Household
    Occupancy
    No data to show
    Disclaimer
    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.