20 Montana Road, Mermaid Beach QLD 4218
Buy beachside today - Vendor Finance options available! House - Property ID: 955785
Having trouble borrowing money from the banks or needing time to show the banks your borrowing history - this beachside opportunity could be perfect for you.
Put $145,000 down and borrow the remaining $1,200,000 from the vendor with a first mortgage as security for a period of 15 months at 4% PA interest and make this beautiful beachside block your own today.
Then in 15 months time you can show the banks your borrowing history to refinance the debt.
This older style duplex pair is in the perfect location with the patrolled beach 'Cafe on Hedges' and Mermaid Beach Surf Club at the end of the street, and so close to Pacific Fair with its multi-million dollar upgrade to a world class shopping precinct, Broadbeach Mall with its abundance of shops, restaurants, cafes and thriving nightlife, the Light Rail station, Jupiter's Casino and Gold Coast Convention Centre.
This property is perfect to add to your portfolio as it provides so many different financially rewarding options. Currently returning a combined income of approx. $32,240 p.a, with each unit offering 2 bedrooms, 1 bathroom and a single carport. Being currently tenanted, this allows you the opportunity to take advantage of the dual income streams already in place, or live in 1 and rent out the other. Plus don't forget that this is a unique location where you will never over capitalise should you wish to knock down and build your dream home - The choice is yours!
- Massive future re-development potential with older style block of units next door
- Prime beachside location
- 2 x 2 bedroom, 1 bathroom units
- Rental return of approx. $32,240 p.a.
- 2 x single undercover carports
- 405m2 land area
- Patrolled beach, 'Cafe on Hedges' and Mermaid Beach Surf Club at the end of the street
- Close to Pacific Fair, Broadbeach Mall and Light Rail Station
Opportunities like this do not come up very often, so take advantage of this prime piece of real estate in the perfect beachside location with the beach, shops, schools and transport at your doorstep. Call Luke Henderson or Cindy Katene today to book and inspection.
Council Rates: approx. $4,500 p.a.
Water Rates: approx. $1,350 p.a.
Rental Income: Currently returning approx. $32,240 p.a.
- Land Size Approx. - 405 m2
- Close to Schools
- Close to Shops
- Close to Transport
Office & Agent Details
John Henderson Real Estate
- 2406 Gold Coast Highway
Mermaid Beach QLD 4218
- E: firstname.lastname@example.org
- P: 07 5572 8011
- F: 07 5572 0176
- Director, Auctioneer & Senior Sales Representative
- E: email@example.com
- M: 0409 599 507