Fully Tenanted Investment with Development Upside
This property represents an opportunity to secure a medium density residential zoned development site with good holding income making for a great investment to develop either now or in the future.
The property represents the following:
- 869m2 Land
- Three existing units on a single title with a holding income of $44,980 P/A
- Two units have recently been fully refurbished
- Tenants have occupied the units for 5+ years, on periodic leases
- Zoned Medium Density Residential
- Located in Central Maroochydore, close to the CBD
- Opposite well established Kindergarten and Schools.
Contact exclusive marketing agents Emily Pendleton or Michael Shadforth for further information or to arrange an inspection
|Tenancy Status||Currently Tenanted|
|Annual Yield (Gross)||N/A (Marketed Without Price)|
|Annual Yield (Nett)||N/A (Marketed Without Price)|
|Title Scheme||Not Applicable|
|Rental Income (Weekly)||$865 *|
|Gross Annual Income||$45,103 *|
|Water Charges (Annually)||$3,102|
|Council Rates (Annually)||$3,123|
|Strata Fees (Annually)||$816|
|Total Annual Costs||$7,041 *|
|Nett Annual Income||$38,062 *|
The above figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply.
* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.