Price Undisclosed

11 Bed  •  5 Bath  •  5 Car

Main view of Homely block of units listing, 91 Seagull Avenue, Mermaid Beach QLD 4218
Floorplan of Homely block of units listing, 91 Seagull Avenue, Mermaid Beach QLD 4218
Second view of Homely block of units listing, 91 Seagull Avenue, Mermaid Beach QLD 4218
+24

Sold

91 Seagull Avenue, Mermaid Beach QLD 4218

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Price Undisclosed

  • 11
  • 5
  • 5

Block of Units Sold on Tue 23 Feb, 2016

What's around Seagull Avenue

Block of Units description

“One Title, Five Income Streams, Endless Opportunities...”

607m2 of land area does not come around very often in the popular and highly sought after Seagull Avenue in the heart of sunny Mermaid Beach. Couple this with 5 units on the one title, returning over an estimated $92,000 per year and your mind starts churning through your unlimited options? Will you landbank and forever reap the rewards of this Blue Chip investment? Redevelop? Or build your one-of-a-kind dream family home, on one of the biggest blocks on the street?

This solid brick block of units, producing 5 income streams consists of 2 x three bedrooms, 2 x two bedrooms and 1 x one bedroom plus an in-ground share pool and large communal entertaining area. Should you decide to secure it for your investment portfolio, all units have been refurbished and modernised, so there is nothing further to do other than look forward to a prosperous future.

Features:
- Large 607 m2 block with wide 18.75m street frontage
- 5 units on one title returning over an estimated $92,000 per year
- Blue chip investment opportunity for your portfolio
- In-ground shared pool
- Prime location - stones throw from the popular Nobby's precinct with stylish bars, restaurants and boutique shops
- Walk to the patrolled beach daily

Nobby's Beach is ever growing and changing - it is seen as a capital growth hot-spot for the future - the bigger the block the bigger you will financially benefit, so don't let this opportunity pass you by. Call Luke Henderson today for an inspection - 0409 599 507.

Council Rates: Approximately $6,504 p.a.
Water Rates: Approximately $2,000 p.a.
Rental Return: Approximately over $92,000 p.a. *
* Unit 1 - Currently tenanted for $325 p/w until 22/01/2016
* Unit 2 - Currently tenanted for $420 p/w until 17/05/2016
* Unit 3 - Currently tenanted for $380 p/w on a periodic lease
* Unit 4 - Privately held - Appraised at $335 p/w
* Unit 5 - Currently tenanted for $310 p/w until 14/09/2016

Property features

pool

Pool

Other features

Built-In Wardrobes, Close to Schools, Close to Shops, Close to Transport, Garden

Property video

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91 Seagull Avenue, Mermaid Beach QLD 4218
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