A very rare opportunity to secure this apartment block of 5 units located directly across the road from Casey’s Beach.
Offering stunning ocean views, each apartment takes advantage of the beautiful ocean vista.
Unit One – 3 bed, 2 bath, single garage
Unit Two – 3 bed, 1.5 bath, car parking space
Unit Three – 2 bed, 2 bath, single garage
Unit Four – 1 bed, 1 bath, car parking space
Unit Five – 1 bed, 1 bath, car parking space
Currently Unit 2 and Unit 3 are leased, while Unit 1 has been used by the current owners as a holiday rental and Units 4 & 5 are vacant and have just had a complete renovation.
A projected combined rental return of $1,540 per week ($80,080 per annum) is expected.
Please note – the property has DA approval for works to be completed to meet strata approval requirements.
For a full information memorandum please contact the exclusive listing agent Aristotle Stavros on 0408 612 914.
|R&H Suburb Summary||Houses|
|Number of sales||53|
|Median Rental Price||$390 p.w.|
|Change in Rental Rate (5yr)||11 %|
|R&H Suburb Summary||Units|
|Number of sales||29|
|Median Rental Price||$300 p.w.|
|Change in Rental Rate (5yr)||20 %|