FRESH TO THE MARKET FOR THE FIRST TIME IN ALMOST 40 YEARS! Other - Property ID: 785446
6%+ ROI - Investors & Developers Take Note!
This block of 5 units is only 280m from North Burleigh beach set on an 850m2 allotment right on the border of Burleigh Heads and Miami.
This is a rare opportunity in a highly sought after position to purchase these 5 units all on the one title. All are tenanted with good solid returns in a high rental area, several with long term permanent tenants in place. This type of investment is a once in a lifetime proposition and all astute investors and developers should take note.
The current rent return on this block is $1,610.00 per week / $6,440.00 per month.
1 x 3 bedroom, 1 bathroom units.
2 x 2 Bedroom, 1 bathroom units
2 x 1 bedroom, 1 bathroom units.
5 single lock up garages.
Either look to renovate the exterior to achieve maximum return as the interiors are all presented well and need little work to increase your rental return, or strata title and modernise for good re-sale.
If you wish to knock down and re-develop to achieve maximum return, then this is the next best thing to beachside with RD3 zoning.
This is not one to procrastinate on with a price tag of $1,250,000.
Contact: Simon Francis or Tania Pears for more information.
- Land Size Approx. - 850 m2
- Close to Schools
- Close to Shops
- Close to Transport
- Secure Parking
Office & Agent Details
John Henderson Real Estate
- 2406 Gold Coast Highway
Mermaid Beach QLD 4218
- E: firstname.lastname@example.org
- P: 07 5572 8011
- F: 07 5572 0176