506/59 Meron Street
Southport, QLD 4215

This modern and spacious one-bedroom apartment is located in the TRYP Building at 59 Meron Street, Southport. It is an excellent investment opportunity, currently leased to a secure tenant on a 12-month lease with a weekly rent of $630, increasing to $700 in November 2026.

The apartment boasts an elegant design with premium finishes throughout. It features a spacious bedroom and an open-plan kitchen equipped with stone benchtops, providing a stylish and functional cooking space. Zoned ducted air-conditioning ensures comfort year-round. The unit is west-facing, allowing for pleasant natural light.

There is no allocated parking with the unit; however, street parking is available nearby.

Additional costs include body corporate fees of approximately $5,000 per year, which includes a sinking fund, equating to about $105 per week. Council rates are approximately $2,500 per year, and water rates are around $1,000 per year plus usage. The rental appraisal suggests a weekly rent between $650 and $700, with potential for higher returns if holiday letting is considered.

Residents have access to five-star resort-style facilities, including a rooftop infinity pool offering breathtaking views of the Gold Coast skyline, a spa, steam and sauna room for ultimate relaxation, a fully equipped gymnasium with top-of-the-line fitness equipment, and a residents' lounge with an outdoor dining area ideal for socialising or relaxing with friends and family.

The location is highly convenient, situated just 250 metres from the Gold Coast light rail, providing seamless connectivity to the city and surrounding areas. Australia Fair Shopping Centre is only 1.4 km away, offering a wide range of shopping and dining options. Broadwater Parklands, a popular outdoor recreation and green space, is 2.3 km from the property. The Gold Coast University Hospital is within 4.8 km, making this apartment an ideal residence for medical professionals, academic staff, and students, especially given its proximity to Griffith University.

Additionally, the apartment is close to world-class beaches, schools, shops, and restaurants, allowing residents to enjoy the vibrant coastal lifestyle that Southport and the Gold Coast have to offer.

Disclaimer: Every effort has been made to ensure the accuracy of the information provided; however, prospective purchasers should undertake their own due diligence to verify all details.