19/7 Seacove Lane, Coolum Beach, QLD, 4573 - Apartment Sold on 07 11 2022

SoldNov 7, 2022

19/7 Seacove Lane, Coolum Beach, QLD, 4573

$515,000

Apartment

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4 days on the market

Sold: Nov 7, 2022

What's around 19/7 Seacove Lane

Positive gearing investment with potential $800/week return

Seacove Resort is ideally located and tucked away in a peaceful spot, alongside the tranquil Stumers Creek and surrounded by coastal bushland. The centre of Coolum Beach is a 10-minute walk away - with amenities including the surf club, restaurants, cafes, parks and a Coles supermarket - while the beach is only about a 5-minute stroll. You have the opportunity to acquire a top-floor, dual-key apartment within the resort with indicative potential rent of $450 per week for the main one-bedroom unit and $350 per week for the neighbouring studio unit. That's a total potential rental income of $800 per week - or $41,600 per year - which represents an extraordinary return. Here are the features at a glance: Unit A: 1 bedroom 1 bathroom 1 covered car space Air conditioning Balcony overlooking the resort pool Kitchen Vinyl flooring Spacious lounge Potential rental return $450pw Unit B: Studio apartment Kitchenette Air conditioning 1 bathroom Beautiful bush and river outlook Potential rental return $350pw The dual-key design provides maximum flexibility. You could rent both units on a permanent basis or holiday let each of them. Alternatively you could live in one and rent the other. Estimated expenses per annum: Body corp: $7,350 Council rates: $2,200