320-342 Neptune Street, Maryborough QLD 4650

The possibilities abound to secure your financial freedom for retirement on this investment opportunity.
Occupy the main residence and improve the property further to prosper or just enjoy the simple lifestyle it presents currently with the bonus of a secure passive income received with rental of the 3 cottages and main residence.
Perfect chance also for the extended family to capitalise on future security with joint occupancy available at the property and with the land area available to be self-sufficient with cows/ chooks and gardens.
This property presents the perfect opportunity to purchase this unique semi-rural parcel situated within the developing precinct of St. Helens. Also located on the doorstep to the heritage city of Maryborough and tourist mecca of Hervey Bay being only 20 minutes away; this opens the door to unlimited opportunity for growth that no other property in close proximity offers.

Supplying 5.43 hectares of relatively flat and fenced land with manicured lawns and shade trees, there is a 2.5-acre dam supplying not only water for irrigation but just all-round fun for water activities and relaxation.
Currently the property provides an ideally located 2 Bed/2Bath lowset main residence, separately fenced which is rented at $370 per week plus 3 furnished Cottages providing permanent income averaging $220 per week each. Also conveniently located on the ground level of a cottage is a self-contained one-bedroom unit for short-stay accommodation which is currently utilised by overseas owners during home visits.

This property lends itself to increasing your income and further complimenting the property with Council approval to build 3 new Cottages plus preliminary Council approval for the establishment of a short stay Tourist RV/Motorhome venture of up-to 50 sites (subject to final council approvals with no further contributions due to Council infrastructure charges). Located in close proximity to the main passage through to the tourist precinct of Hervey Bay, the opportunity for Travellers to stop over short term will secure a positive income return on your investment.
Given the beautiful rural and rustic views included with the Chapel on site plus the large Barn - this could be the perfect venue for country weddings or a relaxing B&B offering a county-style view but with all the amenities on offer with a Heritage city and Tourist town located on your doorstep.

An inspection of this property is essential to let your imagination run wild with possibilities.
Contact Nigel Dwyer of Sprake Real Estate to book your personal inspection.

Main Residence: 2 Bedrooms with En-suite to Main, large open plan living with solid timber kitchen plus dishwasher, polished floors, timber features, air-conditioning to main living area. Complimented with modern décor colours & fixtures. Outdoor entertainment area, Double carport and Solar Hot Water. Complete with Office area and large expansive east facing verandah taking in breathtaking views over the property and dam.

Cottages: 3 x 1 bedroom/1-bathroom open plan living -fully furnished and completed in modern and stylish décor. Beautifully appointed bathrooms & kitchens. Front veranda's providing great views over the property. Single carport each with storage area provided. Electricity and Solar Hot Water Services. Plus, a self-contained 1 Bedroom unit on the ground level for short-stay accommodation.

Improvements: 2.5-acre dam set on 5.43 ha of usable land. Boundary and internal fencing (dog wire with 3 paddocks). Chapel and large barn (14m x 14m) with water & power available plus animal enclosures.

Opportunity: Great rental return with house at $370p/w - cottages $220 p/w average. Caters for large animal agistment also. Growth of a further 3 cottages plus development of up to 50 site RV/Caravan park (STCA). Possibilities for Weddings, B&B or Farm-stay venue.