Maroochydore 15 Boongala Terrace
Fantastic Investment Opportunity - Whole Block of 5 Units in the Heart of Maroochydore
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Sold
$1,325,0007 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
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