Tin Can Bay 38 Tailor Street

Unique Coastal Investment Opportunity - Very rarely offered for sale - this block of 4 x 2 Bedroom Units is Very desirable being located in a a premier coastal position.
Location - Location - Location" they say in real estate. "Buy the worst house in the best street" is another of the real estate industry's mantras. Tin Can Bay is where the Dolphins play. Just over two hours drive from Brisbane, it is nestled in between World Heritage listed Fraser Island & the coloured sands of Rainbow Beach. Offering some of the best fishing & birdlife in the world.

Property Features:-
All units are identical in floorplan Unit 3 is left vacant for the sale & would easily return a minimum $250 per week in rentAll remaining units are tenanted on a month to month basisUnit 1 has split system air conditioner & returns $200 per week Unit 2 returns $200 per week Unit 4 returns $250 per week Hot water is paid for by the owner with the benefit of much lower bills due to the 10 panel 2.5 k solar system. The hot water systems are located in the two communal laundries at the rear of the property This property is built solid and has really good bones providing the new owners plenty of options & choices for the future as (Subject to council approvals) you could renovate it into pretty much whatever you wanted! - Ideally it may be possible to build it up a level or two & gain water views! Providing you a rare opportunity to create upmarket townhouses which are in big demand & are fetching top $$ locally.
There is potential for the properties to be put on separate titles as currently all are on one title with no body corporate fees or charges in place.The roof of the property has been scheduled to be replaced with completion estimated at approximately early May An original fit out, its low ongoing costs & easy maintenance provide a solid return for your investment.Since purchased by the owner, this original block of Holiday apartments has been put onto the permanent rentals market, offering an affordable place for pensioners & the like.-This property gives the new owner tonnes of potential to capitalise on the area's growth & lack of both permanent and holiday rental properties.

So the choice is yours, call me Ali Zengin on 0403 423 124 to enquire.

Property Information

• Land area approx 832sqm

Property Features

• Carports 4
• Car Spaces 4