119 Golden Four Dr, Bilinga, QLD, 4225 - BlockOfUnits Sold on 22 06 2017

SoldJun 22, 2017

119 Golden Four Dr, Bilinga, QLD, 4225

$1,575,000

506 m²

BlockOfUnits

•

30+ days on the market

Sold: Jun 22, 2017

What's around 119 Golden Four Dr

$94k PER ANNUM INCOME / 5.6% RETURN

Set in a prime beachside location just one block from the pristine sands of North Kirra, investors are sure to want to snap up this property. You can invest, occupy or redevelop this 506m2 site that sits in medium density zoning. The zoning allows for up to five levels of luxury development with 1-bedroom per 33sqm (subject to Council approval). Currently, the site offers a block of three units on one title. The complex includes one 4-bedroom apartment with exclusive access to the rooftop terrace and a fully-fenced yard, one 3-bedroom, one 2-bedroom apartment, plus an additional studio that is not being leased. The current combined rental return is $1,610 per week, plus a potential $200 more if the studio is let. All units have their own laundry and there is a double lock-up garage. - Unit 1 - 3 bedroom unit, first floor, leased at $480/week - Unit 2 - 2 bedroom unit, ground floor, leased at $380/week - Unit 3 - 4 bedroom, 3 levels, ocean view unit, currently leased at $750/week - Studio - Empty. (could be attached to Unit 2 which would achieve an additional $200/week income : $94k ) This is a great chance to make the most of a prime development or investment opportunity. Keep the existing building and enjoy exceptional rental returns or develop this prime piece of real estate into luxury beachside apartments. The choice is yours!

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Buyer's review

almost 9 years ago

Verified Review

Surpassed All Expectations

Sophie and her team are by far the best agents we have ever dealt with - professional, efficient and personable. They more than exceeded our expectations every step of the way.

Buyer

Seller's review

almost 9 years ago

Verified Review

Outstanding professional agent.

Sophie worked tirelessly with positive attitude to sell my block of units during a rather uncertain time. At all times she communicated promptly, professionally and with rapport. I would most certainly work with Sophie in the future and would recommend her to anyone seeking the best outcome with the most professional dynamic at all times. Thank you Sophie.

Seller