CURRENTLY SHOWING 8% NET RETURN
Perfect Investment Property with Multiple Development Opportunities Available
7 BEDROOMS !!! DOUBLE INCOME
Currently tenanted and showing excellent returns, it is also perfect for the large family to call home and enjoy this beachside address or convert part of the home into a home office.
Currently earning a weekly income of *$1,640 per week the existing & development opportunities for this 632m2 block are numerous!
This solid brick & tile home could be the one you have been looking for.
With four bedrooms, one bathroom, kitchen and living downstairs, plus another three bedrooms, one bathroom, kitchen and living upstairs this home has a multitude of opportunities.
Renovate/update, dual occupancy/double income, live on one level and rent the other. This home has an internal staircase that can be closed off to allow duel living.
Located on a large 632m2 block this home has recently been renovated into a large dual living home and features an abundance of bedrooms. Use as a spacious family home or demolish and build townhouses or duplexes (Subject to Council Approval). Keep the income stream or develop, your choice.
Within close proximity to Southern Cross University, John Flynn Hospital and the Gold Coast Airport, a few short minutes walk to not only Bilinga beachfront, but also Kirra and Coolangatta beachfront, which are some of the most famous beachfronts this country has to offer!
The M1 is also easily accessed from this property, giving you the gateway to Brisbane, Byron and many other destinations attached to the Gold Coast.
This is a premier investment property with low maintenance and excellent rental returns.
The vendor is motivated to sell, so book your inspection now.
-Upstairs and Downstairs dual living
-Includes all furniture
-Recently painted internally
-New fittings bathrooms and kitchens
-New window coverings
-7 Bedrooms + Separate caretakers /managers room downstairs
-Good sized lounge and dining area with Air Conditioning
-Balcony with hinterland views
-2x Bathroom as well as a Separate Toilet
PRICE: BY NEGOTIATION
Current approximate income of $85,020 pa, current expenses $8,552 pa
*approximate figures only.
For further information and to arrange an inspection please contact exclusive sales agent Peter Antony, DJ Stringer Property Services.
All information contained herein is gathered from sources we believe to be reliable. DJ Stringer Property Services Pty Ltd and its staff will not be held responsible for any act or omission arising from the accuracy of such material. We cannot guarantee its accuracy and interested persons should rely on their own enquiries. Such enquires should include, but in no way be limited to, and should be directed to, your legal representative, any local authorities, the Contract of Sale or Commercial/Retail Lease and in the event of a Unit, Strata Title or Community Title, refer to the Body Corporate, Community Management Statement & Disclosure Statement for any information on the property, Common Property & Exclusive use areas, that may directly or indirectly affect this property.