11 Marine Parade, Newell QLD 4873

Now here's an investment to get excited about! Located right on the fabulous Newell Beach which is a very popular lifestyle place to live, this solid block of units are strata titled but there are no body corporate levies. There is a potential to sell the units individually or redevelop the whole block.
All 5 units are currently tenanted and, combined, return $1180 gross per week. Locally managed by Raine & Horne Mossman/Port Douglas.
FEATURES:
- 4 x 2 bedroom units
- 1 x 3 bedroom unit
- Solid brick building
- Cement in-ground pool
- Undercover parking at rear
- Good sized 1012m2 level allotment (20m beach frontage x 50m depth)
- Newell Beach is approximately 5 minutes north of Mossman & 25 minutes north of Port Douglas
- Redevelopment potential in the future.