RARE OPPORTUNITY TO ACQUIRE RAINBOW BAY BEACH SIDE INVESTMENT WITH DEVELOPMENT POTENTIAL

We are thrilled to present this large block of units perfectly positioned to take advantage of the thriving Rainbow Bay lifestyle.

STAND OUT FEATURES
- A short walk to the world-famous surf breaks
- Significant development opportunity
- Site frontage of 15m from both Boundary Street and Boundary Lane
- Highly sought-after location
- Units with existing tenancies
- Set on a 761m2 block
- R3 Medium Density Residential
- Development potential for Multi Dwelling Housing or Residential Flat Building

THE FINER DETAILS
Annual Income - $105,640
Rates - $3,766.50 Approx.
Water - $2,475.48 Approx.

8 Currently Tenanted units Comprising the Following:
UNIT 1 - 2 Bed, 1 Bath - Rental Return $230 per week- Lease 01/01/2020
UNIT 2 - 2 Bed, 1 Bath - Rental Return $300 per week - Lease 24/02/2020
UNIT 3 - 1 Bed, 1 Bath - Rental Return $220 per week - Lease 06/08/2020
UNIT 4 - 2 Bed, 1 Bath - Rental Return $220 per week - Lease 13/02/2020
UNIT 5 - 2 Bed, 1 Bath - Rental Return $240 per week - Lease 02/08/2020
UNIT 6 -1 Bed, 1 Bath - Rental Return $260 per week - Lease 06/08/2020
UNIT 7 - 1 Bed, 1 Bath - Rental Return $250 per week - Lease 19/02/2020
UNIT 8 - 2 Bed, 1 Bath - Rental Return $300 per week - Lease 26/03/2020

WHERE TO FROM HERE
- 2 Minute walk to Rainbow Bay coffee shops, convenience store & food outlets
- 4 Minute walk to the world-famous Rainbow Bay Beach and Snapper Rocks
- 7 Minute walk to Twin Towns Services Club
- 8 Minute walk to the world famous Duranbah Beach
- 8 Minute drive to Gold Coast International Airport
- 12 Minute walk to Tweed Mall Shopping Centre
- 1 Hour 20 Minute to Brisbane Airport

This presents an exciting opportunity to Land bank in Rainbow Bay for the future when these highly sought-after apartment blocks are even harder to find, whilst gathering multiple income streams. These types of properties are a popular choice for the astute investor, add this to your SMSF!

Call Belinda Trotman 0412 881 818 or Lenny McLennan 0417 604 038 today to book your inspection.