25 Esplanade, Innes Park is a 2 bedroom, 1 bathroom Unit with 6 parking spaces and was built in 1990. The property has a land size of 1439m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in October 2021.
What an opportunity! A unique development right on the Esplanade at Innes Park overlooking the water! Initially designed for two generations to live under one roof, with additional income from two extra units, this four unit complex is a special opportunity with nothing else comparable in the area. A 1439m2 block of land Location, Location, Location!
The complex comprises of 4 x Units:
Downstairs:
2 x 2 Bedroom units
Unit 1 has the best of the views from downstairs with the living area and main bedroom looking to the water.
It offers a great size kitchen, two bedrooms with built in robes, a combined laundry/bathroom.
Part of the tenants lease currently is use of one side of the separate garage approx 3m x 9m
Unit 2 is privately tucked behind
Good size living space, combined bathroom/laundry and direct access from the unit into their own garage
Upstairs: 1 x 3 bedroom unit & 1 x 1 bedroom unit
Unit 3 was designed as the main residence, comprising of most of the top floor.
Extremely spacious inside and out, it has an expansive balcony and kitchen/ living area with stunning ocean views.
The kitchen is huge with more than enough cupboard and bench space
A large main bedroom with access out onto the balcony, good size wardrobe
Big bathroom upstairs with laundry shute, shower over bath and a long vanity, plenty of storage
Two bedrooms, both with built in robes. One bedroom is air-conditioned
Second shower and toilet downstairs in combination with the laundry area
Double attached garage with internal access, remote control doors
Currently the tenancy also includes access to the back shed as well
Unit 4 is a top floor single bedroom unit. Great views from the balcony
Main bedroom with a built in robe, good size living space, combined bathroom/laundry
Single garage
There is a large separate brick shed which could be excluded for the owner's use or included in a tenancy currently divided into two sections.
Recently, all of the smoke alarms have been upgraded throughout and garage roller doors replaced.
No body corporate and only one council rates notice, as all is on one title and being sold as a whole.
A conservative market rent appraisal is estimated at $1360 per week for all four units tenanted.
The property offers a multitude of options rent all units out? live in one or two and keep the others for income? Bed and Breakfast?
A well built property in an amazing location, this isn't an opportunity that comes up every day, make sure you don't let it slip through your fingers!
The size of Innes Park is approximately 10.1 square kilometres. It has 13 parks covering nearly 2.7% of total area. The population of Innes Park in 2011 was 2,030 people. By 2016 the population was 2,297 showing a population growth of 13.2% in the area during that time. The predominant age group in Innes Park is 0-9 years. Households in Innes Park are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Innes Park work in a professional occupation. In 2011, 77% of the homes in Innes Park were owner-occupied compared with 77.9% in 2016.
Innes Park has 1,425 properties. Over the last 5 years, Houses in Innes Park have seen a 107.59% increase in median value, while Units have seen a 58.38% increase. As at 31 October 2024:
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