Property ID: 6070697
Less than 400m flat walk to beach and shops from this quiet residential cul-de-sac. Fabulous location – this flexible property allows you to rent part of the property and use the rest for yourself.
Three individual units operating under existing use rights all with separately metered power;
Unit 1- one bedroom ground floor self contained
Unit 2- two bedroom first floor ocean & district views
Unit 3- Two bedroom and large office top floor, ocean view, with off-street parking and direct access driveway
Prior weekly rent of $1200. Look at that yield – and don’t forget the prospect of Capital Growth too.
Rent out all the whole property (originally built as three units) and get a steady income? Or holiday rent / AirBNB and occasionally use for yourself? Or review the previous plans to see what your options might be for a redevelopment? Maybe even live in one unit, and use another as a home based business? Think outside the box.
Call Carol on 0438 802 648 for more details
|Land Area||531.0 sqm|
|R&H Suburb SummaryHouses|
|Number of sales||178|
|Median Rental Price||$600 p.w.|
|Change in Rental Rate (5yr)||33 %|
|R&H Suburb SummaryUnits|
|Number of sales||143|
|Median Rental Price||$550 p.w.|
|Change in Rental Rate (5yr)||25 %|