6-8 Ti Tree AveConway Beach QLD 4800
Property Details for 6-8 Ti Tree Ave, Conway Beach
6-8 Ti Tree Ave, Conway Beach is a 0 bedroom, 0 bathroom Unit with 4 parking spaces and was built in 1977. The property has a land size of 605m2 and floor size of 250m2.
Last Listing description (October 2024)
Don't miss out on this incredible opportunity! The Conway Beach Fishing Village Investment Property offers a complex of 4 two-bedroom townhouses that are the envy of the township. Whether you're looking for a holiday let, a permanent rental property, or a personal retreat for your family, this property has it all.
This block of flats has incredibly low outgoings, and a yearly rental income of $62,400!! Would you have enough equity in your home that might allow you to benefit from a passive income of $1200 per week?
Situated just meters from the beach and with the Proserpine River nearby, known for its abundant mud crabs and barramundi, this complex is a dream location for fishing and beach enthusiasts. Additionally, the vacant land area provides the potential for further development, making it an ideal investment.
Key Features:
- Entire Unit Block: A 2-level complex consisting of 4 units.
- Two-bedroom Floorplan: Each unit features a comfortable 2/1/1 floorplan.
- Selling as a Package: All 4 units are sold together.
- Furniture Included: Units 1, 2, and 4 come with furniture.
- Recent Updates: The entire exterior has been freshly painted, enhancing the appeal.
- Communal Facilities: An additional communal shower and toilet are conveniently available for residents returning from the beach or fishing trips.
- Water Tanks: The property boasts 6 large water tanks.
Investor Quick Glance:
- Current Yield: The property currently earns a net annual rental yield of 6%.
- Gross Lease Income: The property generates $1,200.00 per week in gross lease income.
- Unit Rental Income: Each unit brings in $300.00 per week.
- Full Occupancy: All units are currently leased, ensuring maximum returns.
- No Body Corporate Fees: Enjoy the benefit of no body corporate fees.
Outgoings:
- Recent general rates and charges amount to $1,458.20 net per half-year.
- Insurance: The property is insured at a cost of $4,151.00 per year.
Site and Structure:
- Desirable Location: Situated just one block away from the beachfront.
- Ample Land: The property spans a total of 1,214m2 with two separate titles of 607m2 each.
- Development Potential: Subject to Council approval, there is a possibility to build additional units.
- Solid Construction: The complex features brick construction and a metal roof.
- Covered Parking: Each unit has its own carport.
- Low Maintenance: The property boasts low maintenance gardens, reducing upkeep efforts.
Unit Details:
- Stunning Views: The upstairs units offer lovely sea views from their balconies.
- Spacious Living: Each unit features generous living and dining areas.
- Comfortable Bedrooms: All units come with 2 bedrooms and built-in robes.
- Internal Laundry: Each unit includes an internal laundry area.
- Balconies: Upstairs units have spacious balconies for outdoor enjoyment.
- Carports: Each unit has the convenience of a single carport.
Nearby Amenities:
- Proximity to Beach: Only 110 meters away from Conway Beach.
- Local Convenience: Georges Diner and a convenience store are just 300 meters away.
- 16 minutes drive away from the gorgeous Cedar Creek Falls
- 33 minutes drive away from the heart of Airlie Beach
- 23 minutes drive to the Proserpine township
Now is your moment to seize this rare opportunity and add a quadplex site to your investment portfolio. Whether you're an experienced investor or looking to enter the market, this property offers tremendous potential. For more information, please contact Sarah Dean on 0473 032 042.
Property History for 6-8 Ti Tree Ave, Conway Beach, QLD 4800
- 21 Oct 2024Listed for Sale $925,000
- 07 Jun 2023Listed for Sale $925,000
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