This older style block of three apartments, each on a separate title is for sale in one line for the first time ever! Having had no improvements since the 80's, this property needs work. Under a currently self managed body corporate set up, the options are endless.
Set over a 506sqm block, you couldn't build a property like this on two separate titles today, let alone three! There are 2x two bedroom units, each with spacious bedrooms and one bathroom, as well as a one bedroom unit. Each has a single lock up garage on title, one of which includes a huge storage area ideal for a temporary/ separate storage space for a builder.
Three excellent long term tenants are currently in place, so receive an income while you are planning your next step! Keep it as an investment and enjoy the returns and capital growth, renovate and re-lease each property for significantly higher returns, renovate and holiday let the apartments keeping one for yourself over the summer months, or renovate and sell them separately for an instant short term return.
Currently the three apartments are leased for $580 a week collectively. Completed renovated the potential return could be up to $1000 a week. Renovated, and as holiday rental properties you could see returns up to $3000 a week in the peak season!
The location is exceptional. Right alongside a public walkway that goes straight down to the beautiful Peregian Beach and just a short walk to the famous Peregian Beach Village with its numerous restaurants, cafes and brand new IGA supermarket.
Email Dave Williams on dave.williams@raywhite.com now to request an information memorandum. If you have any further questions or if you would like to make an appointment for an inspection , please feel free to call Dave Williams any time on 0488 88 4573. Inspections are strictly by appointment only.
- Three separate units on separate titles sold in one line
- Renovate and resell, lease permanently or holiday rent
- Currently leased to long term tenants - keep things as they are and add value later
- Excellent long term investment
- Walk to Peregian Village Square and Peregian Beach in minutes
- Bus stop right across the road
