Villa 116/48 David Low Way, Diddillibah QLD 4559

A call out to all savvy investors - sharpen your pens and work out the returns on this little Sunshine Coast beauty.

Situated in a perfect location only 10 minutes from the beaches at Maroochydore, close to the Maroochy River for boating and fishing and midway between Noosa in the North and Caloundra to the South.

This great little property is situated in the Harbourside Resort, which boasts acres of leafy gardens, two swimming pools, mini tennis courts and undercover barbecue areas. Full time on-site managers ensure that this quiet complex is well run and gardens and amenities are excellently maintained, so you can put your feet up and relax.

This stand-alone bungalow is light and airy with an open-plan layout showcasing a separate lounge area and a large combined dining and kitchen area. There are two queen size bedrooms, along with a combined bathroom /laundry. The bungalow has reverse-cycle air-conditioning with additional ceiling fans in both bedrooms. To top it off there is a private front veranda for drinks at sunset, a single car garage and an outdoor storage shed for housing all those fishing necessities, and a Foxtel dish on the roof.

Getting to the nitty gritty, this leasehold complex (99-year lease) is home to 100 bungalows, with over 70 percent of these being owner occupied and the remaining permanently rented. The bungalow is currently rented at $280 a per week, with weekly outgoings of $103 made up of Council rates and land rent. Water and electricity costs are billed separately, perfect for investors.

The Sunshine Coast is a great place to buy, with a growing economy fueled by a number of major infrastructure projects totaling over $5 billion including the major expansion of the Sunshine Coast Airport, the development of a medical hub at Kawana, and the development of the Maroochydore City Centre the only greenfield CBD in Australia. Furthermore, it has a strong rental market driven by lifestyle and affordability.

Don't let this great property slip through your hands. Our elderly investor owner is downsizing his investment portfolio and is open to offers.