5 Cunningham StreetDunwich QLD 4183
Property Details for 5 Cunningham St, Dunwich
5 Cunningham St, Dunwich is a 0 bedroom, 6 bathroom Unit. The property has a land size of 832m2.
Last Listing description (November 2024)
Nestled in the heart of Dunwich on picturesque North Stradbroke Island this exceptional 1,461m? development site is a unique property that should not be missed. Set on two titles the property offers a world of endless opportunities.
The property can comfortably accommodate up to 140 people making it an ideal short or long term rental investment opportunity.
The current configuration is 80 rooms in total 7 of which have been turned into 2 x 2 bedroom apartments and 7 bathroom areas and 2 rooms are being used for laundry storage. The property could also be completely re - configured to units, a boutique resort or many other options with such a large parcel of land on offer (subject to council approval)
It boasts captivating views of Moreton Bay and is conveniently located within walking distance to serene beaches, local shops, amenities, vehicle and passenger ferries as well as the ever-popular Stradbroke Island Brewery. This ensures future guests will have easy access to shopping, dining, and entertainment just a stone's throw away.
The property can be sold as an entire parcel including the land on the corner of Oxley Parade and Cunningham Street or it can be sold separately.
The rooms are a perfect opportunity to provide staff accommodation for the island due to the ongoing shortage (staff are paying approximately $250 - $300 per week per room which represents an incredible return)
Don't miss this once-in-a-lifetime opportunity to shape the future of this remarkable property. With Dunwich's charm and the allure of this coastal paradise the opportunities are endless. Contact us today to schedule your private viewing and make this island paradise your future investment.
Motivated Sellers Best offers on or before December 16 if not sold prior!
Property History for 5 Cunningham St, Dunwich, QLD 4183
- 04 Nov 2024Listed for Sale Best Offers by December 16th
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About Dunwich 4183
The size of Dunwich is approximately 1.6 square kilometres. It has 9 parks covering nearly 14.1% of total area. The population of Dunwich in 2011 was 883 people. By 2016 the population was 869 showing a population decline of 1.6% in the area during that time. The predominant age group in Dunwich is 60-69 years. Households in Dunwich are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Dunwich work in a professional occupation. In 2011, 55% of the homes in Dunwich were owner-occupied compared with 53.3% in 2016.
Dunwich has 520 properties. Over the last 5 years, Houses in Dunwich have seen a 79.67% increase in median value, while Units have seen a 306.48% increase. As at 31 October 2024:
- The median value for Houses in Dunwich is $759,294 while the median value for Units is $761,779.
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