23 & 23a Annie Street, Woody Point QLD 4019

Commanding a presence East of Oxley this once-grand beach house offers some proper exciting opportunities!

The land itself is over 2 titles, the front block is 539m2 and the back block has access down the right of the front block and is 541m2.

23 Annie St - The timber weatherboard beach house features hardwood floors, decorative cornices and ceiling ornamentation. It comprises of:
- 3 good sized bedrooms.
- Sleepout.
- Large North Facing living room.
- Good sized kitchen with plenty of bench space and cupboards.
Rent Return: $400pw Approx. (Appraisal)

23a Annie St - Out the back is where the real opportunity begins:
- 3 Established flats with a wrap around deck.
- 2 of the 3 flats are 2 bedroom, the 3rd is a single bedroom.
- Established tenants who would love to stay.
Rent Return:
Flat 1 - $180pw
Flat 2 - $140pw
Flat 3 - $210pw

Option 1: Land-bank the current setup as is.
Option 2: Update the fixtures and fittings and increase the overall yield. (call to discuss)
Option 3: Home with income. Update the current home to its former glory and enjoy a fantastic income.
Option 4: Re-Develop the current configuration or re-align the boundaries to build 2 new houses side by side.
Option 5: Use the current D.A. and build a unit complex. (call to discuss and review the current plans)

Either way, the choice is all yours!
Call Adam 7 days a week for more information.