Potentially earning a weekly income of •$1,665 per week, the existing & development opportunities for this 632m2 block are numerous!Currently 7 rooms tenanted for a total of $1,490 per week / $5,960 per month.Estimated Loan Repayments Approximately = $2,800 per month(based on that 20% deposit and stamp are paid)Positive cash flow property of approximately $25,000 per annum net.You could potentially pay this property off completely in as little as 13 years.Don't miss this amazing opportunity to secure a prime location with positive cashflow from day 1. Within close proximity to Southern Cross University, John Flynn Hospital and the Gold Coast Airport, a few short minutes walk to not only Bilinga beachfront, but also Kirra and Coolangatta beachfront, which are some of the most famous beachfronts this country has to offer!Located on a large 632m2 block this home has recently been renovated into a large dual living home and features an abundance of bedrooms. Use as a spacious family home or demolish and build townhouses or duplexes (Subject to Council Approval). Keep the income stream or develop, your choice.The M1 is also easily accessed from this property, giving you the gateway to Brisbane, Byron and many other destinations attached to the Gold Coast.PROPERTY HIGHLIGHTS;- Upstairs and Downstairs dual living- Includes all furniture- Recently painted internally- New fittings bathrooms and kitchens- New window coverings- 7 Bedrooms + Separate caretakers /managers room downstairs- Good sized lounge and dining area with Air Conditioning- Balcony with hinterland views- 2x Bathroom as well as a separate toilet- 2x KitchensCurrent approximate income of $86,580 pa, current expenses $8,552 pa.the represents a gross rental yield of 10.6% p.a / 9.7% net rental yield if fully occupied.For more information or to book your inspection please contact Chris Hubka 0404284750.• Approximate figures only and STCA. 1a or 1b certification my be required in the future.All information contained herein is gathered from sources we consider to be reliable. However we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.Disclaimer:All information (including but not limited to the property area, floor size, price, address and general property description) is provided as a convenience to you, and has been provided to LJ Hooker by third parties. LJ Hooker is unable to definitively confirm whether the information listed is correct or 100% accurate. LJ Hooker does not accept any liability (direct or indirect) for any injury, loss, claim, damage or any incidental or consequential damages, including but not limited to lost profits or savings, arising out of or in any way connected with the use of any information, or any error, omission or defect in the information, contained on the Website. Information contained on the Website should not be relied upon and you should make your own enquiries and seek legal advice in respect of any property on the Website. Prices displayed on the Website are current at the time of issue, but may change.
