Here is a great opportunity for an astute investor to take advantage of the current Development Application and reap the financial rewards. The property comprises of three 2 bedroom units and has a DA in place until April 2014 to construct a further 2 units and strata title the existing 3. Do the math and you will agree there is potential for a solid return.
- Two 2 bedroom units with single carports
- One 2 bedroom unit with study or 3rd bedroom & single lock up garage
- Current gross rent return of $32,760 per annum
- DA to build a further two 2 bedroom units & strata title the existing 3 units
- Located within walking distance to major shopping centre and patrolled beach
- Action the current DA and reap the financial rewards