This property has the potential to generate $2800 per calendar month with the granny flat currently returning $225 per week (currently a periodic tenancy). The main residence is vacant at present leaving the opportunity for an investor or end user.
Located on one of Burleigh's family orientated streets this property represents a rare opportunity to purchase a renovated home that can easily and economically be transformed to a four bedroom two bathroom home. The property was originally renovated with this option in mind. With million dollar water-front properties opposite, future capital gain is inevitable.
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