PLEASE NOTE THE UPCOMING VIEWING WILL BE A CONTROLLED INSPECTION:
* No more than 6 people (including the agent/s conducting the inspection) are permitted within the property at the same time
* There must be at least 4 square metres of space for each person present in the property
* Social distancing should be observed at all times.

Rarely do properties like this present themselves in the secluded and sought-after suburb of Santa Barbara. Positioned with privacy, tranquility and convenience in mind and no body corp! Set on a 647sqm (approx.) near flat site, this Dual Living home comprises a main residence with generous open plan living, large modern kitchen, 3 bedrooms, 1 Bathroom and extensive covered alfresco with large inground pool.

The separate studio is open plan with a near new contemporary styled kitchen, bathroom and light filled living space- perfect for extended family or teenage retreat! Ample covered parking complete with a roll-through tandem garage/ workshop make this an excellent choice for families or investors. With two separate residences both completely self-sufficient, independently accessible and with separate parking, this home presents a fantastic opportunity for;

* Large or extended families looking for that extra bit of space, granny flat or teenage retreat
* Home owners looking to earn extra income or possibly subsidise their mortgage repayments
* Investors looking for a potential home and income- current rent appraisal $800/wk-(6% yield approx)
* Small business owners looking for somewhere to operate from on a daily basis

This fantastic property sits just a stones throw away from a local boat ramp to the Coomera river, the Hope Island Shopping Centre, Cafes, Restaurants, World Class Golf Courses, Fitness Facilities, Tennis Courts, Hope Island Marina and the prestigious Sanctuary Cove Village, making it the simple choice when it comes to lifestyle, tranquil living and community atmosphere.

Property Features:

- Dual living potential (rental estimate of $800/wk- 6% yield approx)
- Large near flat 647sqm (approx) site
- Open plan living, modern kitchen and dining areas
- 3 large Bedrooms, 1 Bathroom in the main residence
- 1 Bedroom, 1 bathroom, modern kitchen and laundry (includes washing machine) in the Studio
- Unparalleled suburban privacy with virtually no signs of neighbours
- Resort style outdoor living
- Large covered deck/entertaining area with built in BBQ overlooking pool
- Fantastic lush tropical gardens
- 5kw near new Solar-system to minimise electricity bills
- 2 driveway access points with plenty of room for vehicle/caravan/ boat storage
- Split cycle air-conditioning
- Ceiling fans throughout
- Two 4500 litre water tanks to assist during the dryer months
- Multiple garden sheds and storage areas
- Multiple secure/under cover parking spaces

With the option of a “walk in walk out” including some furniture and appliances this property will be sold!

POTENTIAL FOR EXCELLENT RETURNS!

As an example please see the following. Please keep in mind that this a hypothetical example only based on multiple variables which may change or differ to your personal circumstances.
This example is not to be taken as financial advice.

Theoretical Purchase Price: $650,000
Deposit: 20%
Remaining Mortgage: $520,000 (purchase price less deposit)
Interest Repayment Component at 2.90%: $15,080 p.a
Potential Rental Income of $800 p/w as per rental estimate.
Potential Annual Income of $41,600
Annual Income ($41,600) Less Annual Interest Payments ($15,080)
Remaining Rent Surplus Per Annum: $26,520 p.a
Remaining Positive Cash flow per Week: $510pw

This property is a must see and will not last! Call or email Josh or Andrew to book your digital or private inspection today.

Disclaimer:
In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.