A smart investment decision, located in an appealing bayside suburb with direct access to beaches and waterfront attractions. This block of four units, all currently tenanted, is located on a large 911sq m parcel of land where there's strong potential for capital growth given the demand for coastal living.
All units offer a two-bedroom, one-bathroom configuration in a similar practical layout with an external laundry in the carport. There's also hardwood flooring, an air-conditioned living area, and an open-plan kitchen/dining.
Earn rental income immediately, with lower risk due to the diversification. Leave as is or improve to value-add. Perfectly suited for savvy investors, this low-maintenance property offers but is not limited to:
+ Reliable cash flow from established tenants across all four units
+ Secure long-term investment with exciting growth potential
+ 911sq m property within 1.5km of the waterfront, in-demand suburb
+ Four flats, all with a solid tenancy record, each with a covered carport, returning approximately $74,360 per annum
+ Future development potential re: renovation, rental increase, subdivision (STCA)
+ Minutes from Margate Beach and Southern Cross Catholic College
+ Close to public transport, cafes, shops and popular parks
+ Approximately 35 minutes by car to Brisbane's CBD, 25 minutes to BNE Airport
*Disclaimer - We have made our best endeavours to provide accurate information. We accept no responsibility for any errors or admissions. Buyers are encouraged to do their own research.
