Leased
2 Bed
1 Bath
2 Car
2 Bed
1 Bath
2 Car
Three income streams provide superior cash flow and the position five minutes walk from the beach entry means excellent future growth prospects. It's also an amazing location as far as lifestyle goes, so this property would just as well suit an extended family or those wanting an air bnb business to supplement their mortgage.
• Blend of old beach house & designer living
• 2 x 2 bedroom units + 1 bed granny flat
• Private courtyards and covered decks
• Modernised kitchen and bathrooms
• Updated flooring/painting/lighting
• Covered parking for two vehicles
• Cross road to the beach entry (150m)
• 200m to shops, restaurants & bus stop
• High rental demand under 2% vacancy rate
• Ready to rent or move in immediately
• 5%+ net return ($46,800pa gross income)
• Good growth prospects for the future
• Endless potential, very rare find
Whether you're living here or renting the units out, it's just a short walk to shopping, restaurants and transport. Everything that your tenants need is within easy reach assuring longer term stays. The variation in the units also means the property will appeal to broad target market lessening vacancy periods and offering a flexible floor plan for an extended family moving in. No matter which way you look at it this property offers more than most. Secure your financial future today.
Investment information:
Estimated permanent gross rental return: $900pw/$46,800pa
Rates & Water: Approx. $3450/year
Building insurance: $1670/year
Power (supplied as part of rent): Approx $5500/year