35 Mallawa Drive, Palm Beach QLD 4221

This property's contract has just collapsed, which means the property is now back on the market and available for you to secure right now.\r\n\r\nIt can deliver home business solutions, particularly those needing on-site storage of materials or stock. \r\n\r\nSet up by the current owner to support his construction business, he efficiently ran his operation from the office at the rear of the property whilst his family lived in the main dwelling. He saved a fortune from renting external office and storage, not to mention the quality of life that returned to him through saved travel time. This office is wired to go. \r\n\r\nThe main dwelling was originally built as a five bedroom home with two bathrooms. Just prior to his departure from the property some 5 years ago, he converted the main home into two separate apartments by removing the internal staircase. This staircase could very easily be re-installed if required.\r\n\r\nThe property has been rented out for $750pw to long-term tenants. That lease has now expired, so you are able to use the house for your own purposes moving forward. Alternatively, the rents can be increased to meet current market conditions of $1000pw approximately. With that sort of income, you could generate around 6.5% Return On Investment, which is infinitely better than any bank rate on offer today. \r\n\r\nAstute investors may see the opportunity to keep the current structure as a multiple income producer. \r\n\r\nSituated at the north end of booming Palm Beach, it just makes so much sense to own an income-producing property that delivers such life and work solutions.\r\n\r\nWhat ROI do you need? we're open to offers? Call me now to discuss your options or to arrange an inspection.