If you are looking to buy a block of units, this is a far superior alternative. You will be provided with a multiple income stream property sitting on a prime redevelopment site with a huge upside for exceptional future financial rewards.
Savvy investors, developers, builders and money makers, this is your chance to secure this totally unique buying opportunity. Two substantial homes comprising of five rental income streams occupy a rare 1,416m² double redevelopment site that would accommodate 53 units with the potential to increase this volume STCA.
With redevelopment land of this calibre in this highly sought after pocket becoming literally impossible to acquire, you will need to act fast.
THE CHOICE IS YOURS...
1. BUY & HOLD for maximum income stream with exceptional capital growth
2. BUY, BUILD & SELL for maximum financial rewards
3. BUY, BUILD & RETAIN for maximum income and depreciation
80 Eugaree Street:
This classic residence has been split into three tenancies consisting of:
1x 3 bedroom unit
1x 2 bedroom unit
1x 1 bedroom unit
82 Eugaree Street:
This character home has been split into two tenancies consisting of:
2x 2 bedroom units
CURRENT RENTAL INCOME $2,570 PER WEEK WITH POTENTIAL TO READILY INCREASE.
Both of these properties benefit from progressive significant upgrades that include updated kitchens, bathrooms and decor throughout. In addition, the exterior of the properties have been refreshed e.g. paintwork, guttering and roofing. These improvements further ensure that the future owner will have minimal ongoing maintenance costs.
This property is perfectly located within walking distance to the new and exciting Queen Street Village development, light rail station, bus stop, schools and shops. The Southport CBD, Griffith University Hospital, Ferry Road Markets and the beautiful Broadwater Parkland precinct are all within immediate proximity.
Make no mistake, this is without doubt the best investment opportunity that will afford you an excellent income stream with enormous financial growth whether you develop, hold the site, or simply onsell it in the future.
