RARE OPPORTUNITY FOR INVESTMENT OR DEVELOPMENT!

Prime peninsula site of 506sqm with 10 level development potential. Comprising of six fully self-contained apartments, all individually leased returning over $80,000 per year.

The subject property is situated within the established suburb of Rainbow Bay, surrounded by world renowned surf breaks and located approximately 4km from Gold Coast International Airport. These units are located within a short stroll to restaurants, cafes, shops, and directly opposite Jack Evans Boat Harbour, which after recently undergoing a $14m upgrade is a significant attraction of the area. All essential services and amenities including schooling, shopping, transport and recreational reserves are located within Coolangatta and most of these facilities are within close proximity.

Block of six full self contained apartments

UNIT BEDROOMS BATHROOMS RENTED AT (Per week)
1/209 Boundary Street 2 1 $310
2/209 Boundary Street 2 1 $330
3/209 Boundary Street 2 1 $360
4/209 Boundary Street 2 1 $350
5/209 Boundary Street 1 1 $150
6/209 Boundary Street 1 1 $150

Total Weekly Income : $1,650.00
Total Annual Income : $85,800.00

Annual Figures:
Council Rates – approx $8,110.

Invest today and be rewarded with excellent rental return and capital gains.