26-28 Venice Street, Mermaid Beach
Inevitable Wealth Creator - Prize Investment!!! Flat - Property ID: 652942
Located in 'prime blue chip' territory Mermaid beachside presents this rare and substantial investment.
Encompassing 5 well managed and income generating units sprawled over 2 blocks this property is ripe for future development and capital growth.
Encompassing a combined 810m2 (405m2 each lot), the property broadly features:
- 3 x 2 bedroom and 2 x 1 bedroom units built within an existing solid brick construction
- Fully let would achieve approx. $68,000 in income per annum (try and find that return elsewhere beachside)
- Solid permanent income received with all units presenting well, refurbished in recent years
- Currently Zoned Residential Choice with RD5 Density
- Combined 20.1 metre frontage with 40 metre depths on each block
- Backing onto 2 acres of parkland
- Existing pool and carport facilities within the block
- Positioned with a perfect North aspect and only metres to the white sands of Mermaid Beach
Currently individual (405m2) beachside blocks are hard to find let alone a double block, make the most of this opportunity and buy today.
Considering recent improved market conditions and the continued positive outlook, this property presents as an ideal acquisition before the end of the financial year and the perfect opportunity to capitalise on future growth.
For more information or to organise a viewing please contact Exclusive Marketing agents Scotty Kelly or Luke Henderson on the e-mails or numbers provided.