15/115 Frank Street, Labrador QLD 4215

2 bed coastal unit | long tenancy to 2026 | complex with large grounds | walk to Broadwater & transport This unit presents a competitively strong, low-maintenance entry into a high-demand coastal market. Its extended tenancy until late 2026 provides immediate income certainty and appeals directly to investors seeking rental security. The configuration matches suburb standards, but its position within a large, grassy complex and a short walk to the Broadwater parklands and beaches offers a lifestyle edge that serves both investors and future owner-occupiers, particularly downsizers or first home buyers. The current tenancy solidifies its investment profile while the location underpins long-term capital growth fundamentals. Proceed with the understanding that purchasing tenanted limits personal use until late 2026, a significant opportunity cost for an owner-occupier. The 1991 building age warrants a meticulous strata report to uncover any major capital works liabilities. The notable disparity between the list price and a comparable sale in the same complex requires rigorous validation of that sale’s conditions and this unit’s specific attributes. Acquire this as a set-and-hold investment; its rental yield and location justify a long-term hold, not a short-term trade. A comparable sale at 115 Frank Street, within the same complex, achieved an estimated $780,000. This significant variance from the current asking price must be scrutinized for differences in floor level, renovation state, or exact sale date to assess true market position. It signals potential underlying value in the complex but demands concrete verification.