Beachside's Best Street With Big Income

Motivated seller relinquishes this block of 3 flats on a larger 455m2 land area, with a wide 15m frontage is perfectly situated on one of the best beachside streets in popular Mermaid Beach.

With financially rewarding opportunities, this property provides you the opportunity to hold as the perfect investment and take advantage of the multiple income streams already in place in one of the best spots in Australia.

Features include:
– Prime location
– Block of 3 flats consisting of;
2 x 2 bedroom, 1 bathroom flats
1 x 1 bedroom, 1 bathroom flat
– Combined return of over $42,000 p.a.
– Larger 455m2 land area + wide 15m frontage
– Close to beach, Pacific Fair, schools, shops and transport

Opportunities like this are rare and do not become available very often, so act fast to secure prior to auction as all offers will be presented. Call Luke Henderson or Cindy Katene today to book your inspection.

Council Rates: approx. $4,887 p.a.
Water Rates: approx. $3,714 p.a.
Rental Income: Combined rental income of over $42,000 p.a.

Due to State Government Legislative requirements, to bid at auction photographic ID is required for registration. The deposit is due to be paid immediately after the fall of the hammer on auction day unless other prior arrangements have been made.

This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes only.

Property ID: 918618