Facts: Improvements: 5×2 bed and 1×4 bed full brick, well-built units.
Unit complex is on a Torrens title and to be sold in one line.

Gross Income = $56,420pa, fully tenanted. 6.65% yield.

Rates: $7176pa

Land Size: 834m2

Location: Prime location between shopping centre and beach. Unit complex backs onto the Park Beach Plaza which is the largest shopping centre between Newcastle and the Gold Coast. Five minute walk is the tourist strip of Ocean Parade and the Park Beach famous for surfing, swimming and fishing.

Summary: Blue Chip investment that will be always there to inspect. We cannot tell you what this property will be worth in 5 years’ time, but with the cost of land and buildings increasing (significantly) each year, and rental demand and rents growing steadily, we can tell you this property will deliver a solid, reliable and steady cash flow. There is a prime opportunity to capitalise on this investment and immediately complete a process to change the approved unit complex into a strata complex and on-sell for short term profit as well. Talk to your accountant about self-managed super and relax with the knowledge that your money is well invested. Take control of your own final destiny with this gem of a property in a blue chip locality that oozes potential for growth.