Rainbow Bay… it's a spot held very close to a lot of hearts. Maybe it's the world famous surf breaks, but I have a feeling it's the village environment that makes this peninsular so special.
Set directly opposite the main hub of Rainbow Bay is 'Haven', a set of flats filled with history & full of future potential. This income producing set of flats are an ideal addition to any portfolio for the astute investor.
* Five apartments on one title
* Upstairs: 2 x 2 bedroom apartments, both renovated & being holiday let
* Downstairs : 2 x 1 bedroom units + 1 x 2 bedroom unit
* Grounds: 2 x sheds, both with power (one with a kitchenette), 1 shed with shower, bathroom & laundry facilities
* Income: Upstairs Holiday Let - $35,459.00
* Income: Downstairs Permanently let, returning $47,840/year
* Weekly Income - Unit 1 : $340/week / Units 2 & 3 : $290/week
* TSC Zoning : Medium Density
* Developable area of 14m x 10m (complying with standard setbacks)
* 18-metre frontage
* 443sqm freehold land
* Great development options subject to Council consent.
* International Airport - 4km away
The appeal of the area is its access to so many opportunities. Snorkel in the Tweed River, enjoy multiple beaches and be walking distance quality restaurants and bars.
