This waterside property is only a short stroll to the town centre and offers an excellent opportunity to secure a prime 984sqm development site, water views and the ability to earn up to an 8% return!

Looking for a retirement option with an excellent passive income? Live on site in the comfortable managers residence only 5 years old with stunning water views from the lounge and deck. This gives you the opportunity to manage your 5 units bringing in a combined income of now $875.00PW.

Complex Facilities.

*Managers Residence: Rental Potential $380PW

Comfortable 3 bedroom home with 2 bathrooms large single lock up garage, rumpus set up as entertainment room and upstairs deck with views only 5 years old.

*Unit 1: Currently Rented $160PW

Tidy 1 bedroom unit with water views from balcony

*Unit 2: Currently Rented $160PW

Tidy 1 bedroom unit with water views from balcony

*Unit 3: Currently Rented $155PW

Tidy 1 bedroom unit with water views from balcony

*Unit 4: Currently Rented $200PW

Tidy 2 bedroom brick and tile unit.

*Unit 5: Currently Rented $200PW

Tidy 2 bedroom brick and tile unit with large balcony and water views

All units are separately metered and the complex offers 10 car parking spaces. All tenants are also on current leases. Call now opportunities for returns like this are rare, ensure you invest in your future by arranging your inspection today.