Exciting opportunity for you to secure your own piece of Rainbow Bay. Rare offering consisting of 5 neat & tidy 2 bedroom apartments located only one street back from the popular Rainbow Bay and literally 120 metres to world famous Greenmount Beach Coolangatta.

Stand out features;

- Reliable tenancies already in place
- Each unit has its own full kitchen & laundry facilities
- Rear ground floor unit has potential for its own fenced yard
- Roof replaced less than 5 years ago with Colour bond
- Off street parking with a new sun sail over car port
- New carpet & flooring throughout
- Ceiling Fans throughout
- Development Zone: High Density Residential

Where to from here;

- 2 minute walk to Greenmount Beach & Surf Club
- 3 minute walk to Rainbow Bay Beach
- 9 minute walk to Durandbah
- 5 minute walk Twin Towns
-11 minute walk to Tweed Mall Shopping Centre Tweed Heads
- 7 minute walk to The Strand Shopping Centre Coolangatta
- 9 minute drive to Coolangatta airport
- 1 hour 20 minutes to Brisbane airport

The finer details;

- 481m2 block
- Rates $4862.29 PA
- Water $4637.15 PA
- Built approximately1960

For the money makers;

Current rent & lease details

Unit 1 – $320 pw – Lease 27/2/2018
Unit 2 – $330 pw – Lease 05/04/2019
Unit 3 – $305 pw – Lease 5/6/2018
Unit 4 – $320 pw – Lease 09/08/2018
Unit 5 – $310 pw – Lease 22/11/2017

Projected current market rent

Unit 1 – $330
Unit 2 – $330
Unit 3 – $330
Unit 4 – $330
Unit 5 – $350

Holiday Rental Projections;

Low Season – $420 – $440 pw
Holiday Season – $550 – $570 pw
Christmas – $720 – $760 pw

(Holiday projections depend on the quality of furnishings offered)