24/158-162 Middle Street, Cleveland QLD 4163

"The Shores At Cleveland" is a perfectly situated complex in the heart of Cleveland!

3 Separate units - Each 1 bedroom unit, features built-in storage and study nook, a large wheelchair friendly bathroom, modern kitchen with stove and cooktop, lounge and private courtyard. Whilst all units have their own independent courtyards and living areas, the complex has a variety of amenities which include a community dining area, social and library rooms, a fully equipped onsite laundry, and an entertaining area with an in-ground pool. Ideal for investors looking for a positively geared investment or an owner/occupier wanting a well cared complex in a convenient central Cleveland location!

OWNER/OCCUPIER
Walk over the road for a quick roll-up or a refreshing drink on a hot summer afternoon at the Redlands Bowls Club! Or take a short stroll down the street, to the Cleveland Marina, Train Station, Bus Stops, Schools, Shops and more all conveniently placed right outside your front door!

With three beautifully renovated and wonderfully kept one bedroom, one bathroom and newly installed kitchenettes, you will have the option to live in one unit while renting out the two others!


INVESTOR SNAPSHOT
Positioned in a thriving bayside location with strong capital growth and high rental demand, Unit 24/158 Middle Street presents as a solid, low-maintenance investment and is a rare opportunity to secure a high-yielding investment in a tightly held pocket of Cleveland. . Great for SMSF too!

Key Property Highlights:

• Wheelchair friendly access to units and common areas throughout quiet complex
• Great long term existing tenants
• No exit fees apply at all - over 55's complex with waiting list of tenants
• 1 lot of rates & body corp fees only
• Oversized community hall for dining, activities & library
• Residents can choose to opt in to lunch and dinner packages on-site
• Dedicated on-site management

Investment Fundamentals:
• Rental Appraisal: Approx. $865-$895/week (unfurnished)
• Gross Rental Yield: ~6.92%*
• Net Rental Yield: ~4.63%*
• Potential Yield: Up to 6.92% gross (based on purchase price around $650,000)
• Body Corporate: Approx. $273/week covers all 3 units
• Council Rates: Approx. $1424/quarter covers all 3 units
• Low vacancy rate and high rental demand in the area
• Tenants Excellent existing tenants wanting to stay long term

Why This Opportunity?

• Rare 3-unit package on one title
• Immediate income with all units currently tenanted
• Strong local rental demand in Cleveland
• Close to transport, shops, schools & the beautiful Moreton Bay coastline
• Future flexibility - hold for long-term income or explore strata or redevelopment potential

If you wish to know more please contact Jo De Goede on 0408775355 - [email protected] or Chas De Goede on 0456381631 - [email protected]