Situated on 506 square meters in the coveted suburb of Rainbow Bay, this block of six fully leased, self-contained apartments offers the investor immediate income, grossing $85,800 per annum. Bound by pristine beaches, the Tweed River and Jack Evans Boat Harbor, the directly limited supply of developed land on the peninsula rarely offers opportunities of this significance. Under city council zoning this site can be developed to 10 stories of residential and holiday apartments, ideally located in close proximity to the best beaches, restaurants and cafes, and all only 4km to Gold Coast Airport.

Significant investment in Rainbow Bay/Coolangatta in recent years has seen the region maintain its great reputation among tourists and permanent residents. While the natural beauty of the beaches and ocean will never be lost, significant projects have continued to provide high quality infrastructure to the area. The most significant of these being the mixed use Reflections Towers, $14m Jack Evans Boat Harbour and Parkland Upgrade, Mixed use developments at Kirra Beach, the Snapper Rocks beachfront upgrade, and the ongoing upgrades to Twin Towns Services Club.

Unit 1/209 Boundary Street 2 bedroom 1 Bathroom $310 per week
Unit 2/209 Boundary Street 2Bedroom 1 Bathroom $330 per week
Unit 3/209 Boundary Street 2 Bedroom 1 Bathroom $360 per week
Unit 4/209 Boundary Street 2Bedroom 1 Bathroom $350 per week
Unit 5/209 Boundary Street 1 bedroom 1 Bathroom $150 per week
Unit 6/209 Boundary Street 1 Bedroom 1 Bathroom $150 per week

Total Weekly Income : $1,650.00
Total Annual Income : $85,800.00