This is a very rare opportunity!!! 6 units in total sitting on a 675m2 parcel of prime waterfront land.
2 x 3 bedroom units and 4 x 2 bedroom flats. All units are self contained and are only used for Holiday Letting. With a current Gross Turnover of approx $155,000.00 p.a, there is great opportunity for more capital growth, located only minutes away from the Redcliffe CBD and directly across from beautiful Moreton Bay.
Net profit is approx $115,000 p.a, which is a 7% return as well as great capital growth in this sought after waterfront location.
Do the sums!!! This works!!!