Sheridan’s on Prince is a long established set up consisting of 6 x 2 bedroom brick units on 1 x 1043m2 block with the adjoining 1043m2 block having a very large 4 bedroom home , in-ground swimming pool, big entertaining Bbq area & half court tennis court all in a prime beachside position.
The home has housed the owners of the complex for many years and acts as their on-site office.
This house can be tenanted in today’s rental market for $475pw to $500pw but could also easily become your place of residence.
A single storey brick residential, flat, building contains the (6) residential units. Each unit is fully furnished with open plan living, functional kitchen, 2 good sized bedrooms and separate laundry areas.
All are beautifully maintained, renovated as needed and kept fresh & modern.
Units are now in the process of being rented out permanently for up to $340 per week. All are furnished but prior to NOW they have been utilized as holiday rentals & this rental income was from $630 pw to $1200 pw depending on seasons.
Ideally set up now to generate a possible gross rental income ( on a permanent basis) as follows-
– 6 Units @ say $340 pw = $106,080 PA app
– 1 4 B/R home $475 to $500PW. (Say $475pw) = $ 24,700 PA app
Total $130,780 PA app
No work required set up this way. Just let the real estate agency run the show.
If you want to achieve figures way in excess of this continue with the Holiday Letting set up.
Do your sums!
From a future point of view a great opportunity for development, owning over 1/2 acre of prime real estate so close to the beach.
Located in the centre of the Park Beach Tourist Zone & only one block from the patrolled beach this is prime real estate for any investor. A very short walk to the beach, Bowls & Surf clubs, motels, transport
What a lifestyle or investment opportunity in a very pleasing location with many options.
