This is an unbelievable chance to benefit from the current property market and purchase a property in a sought after and very tightly held area of Rainbow Beach township.

Previously marketed and well over $1million, the owners of this very popular and much-loved beach house – known as “The Shack”, have made the difficult to decision to sell.

The current dwelling features:

* two bedrooms
* one bathroom
* large deck overlooking parkland
* fully fenced yard
* large storage room
* lounge room
* kitchen
* laundry area

Currently utilised a holiday rental; providing the owners with a passive income (and a place to stay when they visit sunny Rainbow Beach!)

There is currently an approved Development Application for 1 Indigo Avenue/2 Spectrum Street for up to four units to be constructed on the combined blocks (TOTAL LAND SIZE – 1,038m2).

The adjacent piece of land (at 1 Indigo Avenue) is also for sale if you were looking to pursue the Development Application which is valid until September 2012.

This is a once in a lifetime chance to secure a property within a stone’s throw of the beach and main street.

The new Plantation Resort and Rainbow Beach Hotel have completely changed the face of Rainbow Beach and many investors are looking to the future with regards to further development.

Surrounded by National Parks and bordered by the ocean to the east, Rainbow Beach is a unique location with limited scope for expansion.

Enquire today for more information regarding this opportunity to not only own your own ‘beach shack’ but look to benefit from the capital gains in the future as well.

**A Sustainability Declaration is available upon request for this property – please contact the agent or this office for a copy**