First time offered by long term owners of 40 years, this 1.1 hectare allotment houses 14 streams of income on fixed term tenancies! All situated on one title, this is without doubt one of Australia's most unique real estate opportunities.
Sure to capture attention of investors Australia wide, the site occupies two four bedroom houses, seven two bedroom units and five single bedroom studios.
In addition to the generous volume of infrastructure, the property also includes a large in-ground concrete pool, 8.4x19m work shed & under cover carports for all units.
Some tenants have been in place for 15 & 20 years respectively, demonstrating the quality of living created in this unique investment. With affordable housing at all time high demand, all 14 properties offer the potential to enhance yield and rental returns.
The current owner has care taken on site for several years, maintaining the asset to the highest of standards, ensuring maintenance has been kept on top of and presentation of the grounds immaculate. The land is level on the northern end of the Sunshine Coast, only minutes to the Bruce Highway & less than 30minutes to the Maroochydore CBD.
There is approximately 818sqm of dwelling on the property, excluding the carports, shed & communal laundry used by some studio apartment.
This is a captivating investment for now with 6.5% gross rental yields (approx.) currently and the untapped future growth and potential as Australia requires such a strong demand of affordable housing.
Located on Queenslands Sunshine Coast, one of the strongest real estate markets, this ultimately unique residential investment will appeal to a wide range of investors and buyers.
THE PROPERTY
- 1.1 Hectare Level Allotment
- One Title For Entire Property
- Four Residential Buildings On-Site
- In-ground Concrete Pool
- 8.4x19m Work Shed
- Town Water
- 10,000L Water Tank
- 6.5% Rental Yield (Approx.) Currently
- 30 Minutes To Maroochydore CBD.
- 5 Minutes To Yandina
- Communal Laundry For Use Of Some Residents
- Commercial Weekly Rubbish Removal
- Pump Trench Float Switch System Sewage System
- The Current Owner Pays For & Supplies Water To All Tenants
- North Arm Primary School Within Walking Distance
- Walking Distance Of Terella Brewery
HOUSE 1
- Circa 1900's
- Renovated Farm House
- Four Bedrooms + Study, Three With Built-ins
- Recently Refurbished Throughout
- Under House Car Accommodation & Storage
- Large Open Plan Living Area
- Meals / Family Room Adjoining Kitchen
- Fully Fenced Large Backyard
- Balcony Off Living Area
- 141sqm Of Living Space
HOUSE 10
- Circa 1980's
- Four Bedrooms, Three With Built-ins
- Well Presented & Updated
- Spacious Open Plan Living Area
- Brand New Air-conditioned Living
- Two Dining Areas
- Island Kitchen
- Large Under Cover Patio
- Fully Fenced Back Yard
- New Fencing
- New Roof In 2023
- Termite Management System
- New Concrete Front Porch
- 162sqm Of Living Space
APARTMENT BLOCK – Units 2-9
- Circa 1970's
- Street Frontage Position
- Five Studio / One Bedroom Apartments
- Three, Two Bedroom Apartments
- Various Configurations
- Updates Have Been Done Between Tenancies
- One Kitchen & One Bathroom Per Unit
- Communal Laundry Services Units 3-9
- Four Washing Machines Included In Sale
- Termite Management System In Place
APARTMENT BLOCK – Units 11-14
- Circa 1980's
- Four, Two Bedroom Apartments
- Largest Apartment Configurations
- All Units 62sqm Each
- Full Kitchens
- One Bathroom Per Unit
- Open Private Rear Area For Tenants
- Generous Living Areas
This is one incredible real estate opportunity, offered for the first time in 40 years, tightly held, maintained and cared for. With an untapped future potential, we strongly suggest contacting representing agents, Grant Smith & Sean Harding to discuss in detail of the property.
Building & Pest Reports Available Upon Request
NOTE: No access on-site to the property is authorized without the representation of the marketing agents, the property is private and the peaceful enjoyment of the current tenants is considered.