Maroochydore 15 Boongala Terrace

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Fantastic Investment Opportunity - Whole Block of 5 Units in the Heart of Maroochydore


  • Sold
    $1,325,000

    7 5 4
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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 2022Unit 2 – 2 bed, 1 bath leased at $360pw – periodic tenancyUnit 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.

Property Features

  • Garages 4
Century 21 On Duporth On Duporth
92 Duporth Ave
Maroochydore QLD 4558
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Local Information Maroochydore

Education in Maroochydore

Government Schools

  • Maroochydore State High School
  • Maroochydore State School
  • Kuluin State School
  • Buderim Mountain State School
  • Pacific Paradise State School
  • Mooloolaba State School
  • Mountain Creek State High School
  • Mountain Creek State School

Private Schools

  • Stella Maris School
  • Immanuel Lutheran College
  • Matthew Flinders Anglican College
  • Montessori International College
  • Siena Catholic College
  • Siena Catholic Primary School
  • Good Samaritan Catholic College
  • Sunshine Coast Grammar School

Local Amenities in Maroochydore

Parks

  • Maroochy River Conservation Park
  • Eudlo Creek Conservation Park
  • Mooloolah River National Park
  • Mount Coolum National Park
Maroochydore State High School
Secondary Public Co-ed
School Website
Maroochydore State School
Primary Public Co-ed
School Website
Kuluin State School
Primary Public Co-ed
School Website
Buderim Mountain State School
Primary Public Co-ed
School Website
Pacific Paradise State School
Primary Public Co-ed
School Website
Mooloolaba State School
Primary Public Co-ed
School Website
Mountain Creek State High School
Secondary Public Co-ed
School Website
Mountain Creek State School
Primary Public Co-ed
School Website
Bli Bli State School
Primary Public Co-ed
School Website
Chancellor State College
Combined Public Co-ed
School Website
Brightwater State School
Primary Public Co-ed
School Website
Buddina State School
Primary Public Co-ed
School Website
Chevallum State School
Primary Public Co-ed
School Website
Palmview State Primary School
Primary Public Co-ed
School Website
Palmview State Special School
Special Public Co-ed
School Website
Woombye State School
Primary Public Co-ed
School Website
Kawana Waters State College
Combined Public Co-ed
School Website
Nambour State College
Combined Public Co-ed
School Website
Burnside State School
Primary Public Co-ed
School Website
Coolum State School
Primary Public Co-ed
School Website
Nambour Special School
Special Public Co-ed
School Website
Burnside State High School
Secondary Public Co-ed
School Website
Palmwoods State School
Primary Public Co-ed
School Website
Meridan State College
Combined Public Co-ed
School Website
Talara Primary College
Primary Public Co-ed
School Website
Glenview State School
Primary Public Co-ed
School Website
Eudlo State School
Primary Public Co-ed
School Website
Currimundi State School
Primary Public Co-ed
School Website
Currimundi Special School
Special Public Co-ed
School Website
Yandina State School
Primary Public Co-ed
School Website
Caloundra State High School
Secondary Public Co-ed
School Website
Baringa State Secondary College
Secondary Public Co-ed
School Website
Coolum State High School
Secondary Public Co-ed
School Website
Caloundra State School
Primary Public Co-ed
School Website
Peregian Springs State School
Primary Public Co-ed
School Website
Mooloolah State School
Primary Public Co-ed
School Website
Baringa State Primary School
Primary Public Co-ed
School Website
North Arm State School
Primary Public Co-ed
School Website
Golden Beach State School
Primary Public Co-ed
School Website
Montville State School
Primary Public Co-ed
School Website
Nirimba State Primary School
Primary Public Co-ed
Stella Maris School
Primary Private Co-ed
School Website
Immanuel Lutheran College
Combined Private Co-ed
School Website
Matthew Flinders Anglican College
Combined Private Co-ed
School Website
Montessori International College
Combined Private Co-ed
School Website
Siena Catholic College
Secondary Private Co-ed
School Website
Siena Catholic Primary School
Primary Private Co-ed
School Website
Good Samaritan Catholic College
Combined Private Co-ed
School Website
Sunshine Coast Grammar School
Combined Private Co-ed
School Website
Suncoast Christian College
Combined Private Co-ed
School Website
Nambour Christian College
Combined Private Co-ed
School Website
St Joseph's Primary School
Primary Private Co-ed
School Website
Pacific Lutheran College
Combined Private Co-ed
School Website
St John's College
Secondary Private Co-ed
School Website
Coolum Beach Christian College
Combined Private Co-ed
School Website
Unity College
Combined Private Co-ed
School Website
Caloundra Christian College
Combined Private Co-ed
School Website
Our Lady of the Rosary School
Primary Private Co-ed
School Website
St Andrew's Anglican College
Combined Private Co-ed
School Website
Blackall Range Independent School
Combined Private Co-ed
School Website