Block of Units for Sale
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Blue Chip Beachfront 810m² Block - 8 Modern Units Income ProducingProperty ID 1448399Super charge your property portfolio with these 8 modern income producing units overlooking one of The Gold Coasts best beaches. Sprawled across a large 810m²* beachfront land holding with superior 20m* wide frontage, this exciting investment opportunity will let you hit the ground running with immediate strong returns and also provides further scope and upside to maximise a greater yield. Located in a highly sought after beach enclave and complimented by multi-million dollar homes, the building complex was extensively redeveloped in 2014 by local master builder Alan Blenkins incorporating high quality craftsmanship with coastal modern design.
- To be sold as freehold, non strata titled units - not for sale individually
- Blue chip beachfront investment / enterprise unique to The Gold Coast
- Amazing seascape and coastal panorama with preferred north-east aspect
- Occupy and enjoy one residence and benefit with rental returns from the rest
- Coastal modern design, mixture of polished concrete and hardwood timber floors
- Be the sole investor or form a syndicate, ideal super fund investment
- Optional beachfront residence as a large family compound
- Secure undercover parking, counter levered ocean view decks
- Currently returning $300,000* gross per annum from 6 units with scope to increase yield to approx $500,000 - $550,000* gross per annum (from all 8 units)
- Annual income is still growing with repeat customers and higher occupancy rate
- No body corporate levies, beachfront terrace and BBQ area
- 8 low energy units in total comprising of 2 x 3 bed, 5 x 2 bed and 1 x 1 bed
- All units are air conditioned with laundry, solar power electricity
- Walk to a choice of cafes, fresh produce in Tugun Village and SLSC
- Full Property Information Memorandum available on request
Please contact agent for inspection times.
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.