$1,325,000
7 Bed • 5 Bath • 4 Car
New
Sold
Sold
15 Boongala Terrace, Maroochydore QLD 4558
$1,325,000
- 7Bed
- 5Bath
- 4 Car
Block of Units Sold on Thu 14 Oct, 2021
What's around Boongala Terrace
Block of Units description
“Fantastic Investment Opportunity - Whole Block of 5 Units in the Heart of Maroochydore”
One of the most unique offerings on the market today, this block of 5 units is set on a 655m2 block close to local shopping and just a stone's throw to schools ensuring an ever-increasing demand from tenants.
The complex consists of 2 x 2 bedroom, 1 bathroom apartments and 3 x 1 bedroom, 1 bathroom apartments which are all currently tenanted.
Currently the total return in place is $1,410.00 per week however some long-term leases can readily be re-assessed providing a greater return going forward.
With record low interest rates and a strengthening Coast property market, this rare offering provides a fantastic opportunity to secure a cash positive investment in a genuinely blue-chip location.
There are four fully secure lock up garages on site as well as additional off-street parking available for tenants.
Whether you are looking for an income generator to help fund your retirement or an increasing income for your self-managed superfund, this really is a unique offering.
Current Leases in place are-
* Unit 1 – 2 bed, 1 bath leased at $285pw through to August 2022
* Unit 2 – 2 bed, 1 bath leased at $360pw – periodic tenancy
* Unit 3 – 1 bed, 1 bath leased at $235pw through to February 2022
* Unit 4 – 1 bed, 1 bath, leased at $250pw through to April 2022
* Unit 5 – Studio apartment leased at $280pw through to November 2021
With massive rental demand across the Coast and a vacancy rate of less than 0.55% at the current time, you can rest assured of ever increasing rental demand in a one of the key growth areas of South East QLD.
What's around Boongala Terrace
Contact the real estate agent
Damien Said
Century 21 - On Duporth
Send an enquiry
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