This unique, older property offers a return of $630/w and is situated just 150m walk from the surf beach.

* 2 x 2 bed units + 1 bed granny flat
* Large living areas & covered parking
* Deck areas of both 2 bed units
* Each unit has a private courtyard
* 1 Title means no body corporate
* 3 Minute walk to the beach/local shops
* Returning $32,760/year (Gross)
* Building 35yr old. Rates: $3000/yr
* Timber and fibro construction

Yes this building needs plenty of work and is not suitable for strata titling. That said if you have a trade background and aren’t afraid of getting your hands dirty there’s plenty of untapped potential.