1/7 Seacove Lane, Coolum Beach QLD 4573

Wow. Be quick for this one.

A two storey townhouse with the lower level studio unit currently rented at $270 per week and the upper level two bedroom unit currently lived in by the owners with an indicative potential rent of $380 per week.

That's a total weekly rent of $650 per week or $33,800 per year which represents an extraordinary return with an asking price at $395,000.

After paying all fees and loans you are positively geared and making money. Not to mention the future capital gains from investing in Coolum Beach the emerging property hotspot on the Sunshine Coast.

Here are the features at a glance:

Unit 1A:
Upper Floor
2 bedrooms
1 bathroom
1 covered car space
Air Conditioning
2 balconies at North & South ends
Kitchen
New flooring
New internal glass balustrade
Potential rental return $380 to $400pw

Unit 1B:
Lower Floor
Studio apartment
Kitchenette
1 bathroom
North facing outdoor patio
Currently rented for $270pw

The dual key design provides flexibility to the maximum. Rent both as permanent or both as holiday let. Live in one and rent the other.

Alternatively the connecting door from Unit 1B to the entry foyer of Unit 1A can be unlocked to create a single 3 bedroom townhouse apartment.

Seacove resort is ideally located in Coolum just North of Stumer's creek and South of the tennis courts, croquet club, sports fields, and lap pool complex. It's a 10 minute walk to Coles, cafes, restaurants and clubs, and just a 5 minute walk to the beach.

Call Mark Lawler on 0423 766 713 or James Henley on 0416 052 032 for more information.

Estimated Expenses PA:
Body corp: $6,881
Council rates: $2,008
Water: $1,000