16 Boundary Street, Rainbow Bay QLD 4225

We are thrilled to present this large block of units perfectly positioned to take advantage of the thriving Rainbow Bay lifestyle.

STAND OUT FEATURES
- A short walk to the world-famous surf breaks
- Significant development opportunity
- Site frontage of 15m from both Boundary Street and Boundary Lane
- Highly sought-after location
- Units with existing tenancies
- Set on a 761m2 block
- R3 Medium Density Residential
- Development potential for Multi Dwelling Housing or Residential Flat Building

THE FINER DETAILS
Annual Income - $105,640
Rates - $3,766.50 Approx.
Water - $2,475.48 Approx.

8 Currently Tenanted units Comprising the Following:
UNIT 1 - 2 Bed, 1 Bath - Rental Return $230 per week- Lease 01/01/2020
UNIT 2 - 2 Bed, 1 Bath - Rental Return $300 per week - Lease 24/02/2020
UNIT 3 - 1 Bed, 1 Bath - Rental Return $220 per week - Lease 06/08/2020
UNIT 4 - 2 Bed, 1 Bath - Rental Return $220 per week - Lease 13/02/2020
UNIT 5 - 2 Bed, 1 Bath - Rental Return $240 per week - Lease 02/08/2020
UNIT 6 -1 Bed, 1 Bath - Rental Return $260 per week - Lease 06/08/2020
UNIT 7 - 1 Bed, 1 Bath - Rental Return $250 per week - Lease 19/02/2020
UNIT 8 - 2 Bed, 1 Bath - Rental Return $300 per week - Lease 26/03/2020

WHERE TO FROM HERE
- 2 Minute walk to Rainbow Bay coffee shops, convenience store & food outlets
- 4 Minute walk to the world-famous Rainbow Bay Beach and Snapper Rocks
- 7 Minute walk to Twin Towns Services Club
- 8 Minute walk to the world famous Duranbah Beach
- 8 Minute drive to Gold Coast International Airport
- 12 Minute walk to Tweed Mall Shopping Centre
- 1 Hour 20 Minute to Brisbane Airport

This presents an exciting opportunity to Land bank in Rainbow Bay for the future when these highly sought-after apartment blocks are even harder to find, whilst gathering multiple income streams. These types of properties are a popular choice for the astute investor, add this to your SMSF!

Call Belinda Trotman 0412 881 818 or Lenny McLennan 0417 604 038 today to book your inspection.