This property has it all. The existing house is lovely, well maintained, on a 746m block perfectly rectangular, and zoned Medium Density Residential.
Buy now, keep it for some time, either you stay in or rent it out, and whenever you can afford it, build a 15 apartments of 2bed/2car/1car building, see drawings, for short term accomodation such as Airbnb,
You cannot have a better investment property in this amazing state, ready to go now or whenever you are ready. Short term rentals accomodation of 2 bedrooms plus parking is in high demand in Springwood, especially on the Pacific Highway, between the Gold Coast and Brisbane CBD. This property is at walking distance of Busway Station, exit-entrance freeway, shops, etc, just name it. It is the best location you could ever dream of. With the Olympics game coming fast, you will make a fortune with such small rental apartments.
A little estimate for a "15 apartments building" of 2bed/2bath/1car:
-15 x $250 per night plus cleaning fee (based on my experience in short term rentals)
- We estimate an occupation rate of 275 nights per year
So, 15 x $250 per night (excluding cleaning fee) x 275 nights = $1,031,250
This is gross turnover. Please take time to consider, this is a great business.
For more information, please do not hesitate to call Reg on 0412 976 122 or Merinda Kim on 0437 643 181.
