Maroochydore 15 Boongala Terrace

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