2/74 Tallebudgera Drive, Palm Beach QLD 4221

Auction Location: on-site

This might be just the opportunity you've been looking for.

It will be sold at auction unless sold prior. So, get in, have a look and make an offer. You just never know what can happen.

It's a duplex that would benefit from some simple upgrades, like carpet, paint etc or go the full hog with a comprehensive renovation, delivering you a magnificent coastal lifestyle or perhaps delight your bank account with a slick flip.

Occupying the entire first floor, this 3 bedroom unit has a large living area, a good galley kitchen, a combined bathroom/laundry, a separate powder room and a multi-purpose room large enough to become a fourth bedroom, a media room, an office or just about anything you need it for.

The large back yard has a single lock-up garage for you, plus a large section of the yard allocated for exclusive use for you to enjoy your way. Maybe add a pool or more sheds?
Close to the Tallebudgera Estuary and its wonderful family aquatic playground, the Tallebudgera Beach and surf club, local shops, schools, and the vibrant Burleigh Heads retail precinct, the location is perennially popular and consistently proven for excellent capital growth.

Quite clean and tidy now, it's currently tenanted and compliant. The body corporate fees are tantalizingly low because it is only a shared building insurance policy with the downstairs lot owner.

This is an excellent chance to build wealth through astute property acquisition, so by investing in the property now, you reap the rewards when the property appreciates in value.

This property will be sold at auction unless sold prior. So, get in, have a look and make an offer. You just never know what can happen.

* Current Rent - $445pw (long-term tenant)
* Lease Expiry - 7 July 2023
* Rent Potential - As Is - $700pw - $750pw
* Rent Potential - Updated* - above $900pw (*depending on standard of upgrade)
* Council Rates - $3,400pa approx.
* Water Rates - $1,540pa approx.
* Body Corporate - $1,615pa approx. per Lot owner as contribution to the Shared Building Insurance ($3,230pa approx. Policy total)

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