26/148 High Street Southport QLD 4215

Top-floor position | Broadwater parklands walkable | Rented $600/week to Oct 2026 | Low body corporate fees This unit’s top-floor position within a 27-unit complex offers a rare combination of privacy, low ongoing costs, and secure rental income until late 2026—a clear advantage for an investor seeking immediate yield with minimal management burden. The open-plan layout, stone benchtops, and built-in robe signal a finish that competes well against newer stock, while the proximity to Southport State High School and the Broadwater parklands strengthens long-term demand from both owner-occupiers and tenants. The property suits a buyer who values cash flow certainty and a hold strategy in a tightening market. The primary risk is the auction format and the 2023 purchase price not being disclosed, which leaves the buyer without a clear floor for negotiation. The $600/week rent, while secure, may lag market growth over the two-year term, capping upside if yields rise. However, the low body corporate fees and strong local demographics—48% aged 20-39, high owner-occupier ratio in the building—reduce vacancy risk and support capital preservation. This property should be held as a core rental holding, with the option to refinance after the lease expires in late 2026 to extract equity for the next purchase.