Motivated Sale! This property offers an unbelievable buying opportunity!! An opportunity to receive substantial rental returns and potential strong capital growth in a rising suburb and market with possibly future re-development (as approached by a developer in the past) or possible re-zoning being close to commerical properties (one property away).
Not the prettiest or sharpest property in town, but bring your tools and settle on this positive cash producing property!
Features of the property:
- 2 bedrooms + study with built-ins and ceiling fans
- Caesar stone kitchen with stainless steel appliances
- Large porcelain tiling and timber floorboards
- Open separate living and dining areas
- Modern bathroom and laundry
- Servery room leading out to the massive entertaining deck
- Double door front entry; sliding door side access
- Single carport with room to accommodate an additional 2-3 cars via second drive way
- Land Area: 625m2
- Four bedrooms,
- Three of the rooms have ceiling fans and built in wardrobes
- Open living and dining area
- Timber flooring
- Two way bathroom
- High raked ceilings
- Original kitchen
- Open tiled outdoor balcony
- Original style and condition
The property is located within a short bike ride to Bond University and a short drive to the beach at Burleigh Heads and features bus transportation on your doorstep. There is an ample amount of yard area for a pool and generous side access. Treetops Plaza is only around the corner and quick and easy access to the M1. There is so much infrastructure and amenities nearby such as schools, shopping centres and parks.
Strong potential dual living and income with the electricity separately metrered.
Lower level estimated rental return approx $400 - $420 per week
Upper level estimated return approx $380 - $400 per week
The vendor has quoted receiving the upper level fully leased at $120 per room (each room with own private lock turn key) receiving $480 per week when rented on a per room basis to students and employed persons.
With these conservative estimated numbers alone, expect a possibility of the property to pay for oneself and a positive cash flow and geard property.
First numbers person to see will buy! Inspect anytime, call, text or email to organise your viewing today!
Disclaimer: We have in preparing this information used our best endeavors to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own inquiries to verify the information contained herein.