This prime waterfront property has much to offer. At the front of the block sits a 2 storey building, self contained on each level to allow for dual occupancy. A one bedroom unit with garage is situated on the ground floor and a spacious two bedroom apartment with generous balcony and living areas is situated on the top floor. Both units enjoy spectacular views over the pristine waters of beautiful Tin Can Bay. Behind this 2 storey building there is a low set block of 4 fully furnished studio apartments, each with their own bathroom, kitchen and carport. A communal laundry is also available. Solar panels are in place and all units are occupied with excellent long term tenants. The land size is 1006m2 with mature landscaped vegetation providing privacy and a pleasant relaxing ambience.
The property offers a healthy 7% gross rental yield in its current configuration. Added to this, there is the possibility to add further units to the site, thus generating even more income. Town Planning advice (available) indicates that Gympie Regional Council would likely approve an application for further development of this property (building of additional units) – boosting the rental yields even further. With such development potential on offer best put this one on your “MUST INSPECT” list! Please call Janet Young for your personal viewing.

Property Code: 404379613