OFF MARKET

44 Mitchell Street
South Mission Beach QLD 4852

Bedrooms: 9
Bathrooms: 5
Car spaces: 7
Land area: 2047m2
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Property Details for 44 Mitchell St, South Mission Beach

44 Mitchell St, South Mission Beach is a 9 bedroom, 5 bathroom Unit with 7 parking spaces. The property has a land size of 2047m2.

Building Type
Unit
Land Size
2047m2
Local Government
Cassowary Coast Regional
Lot/Plan
2/SP250035

Last Listing description (April 2021)

* 4 apartments on individual titles
* Secure leases in place
* Suitable to convert to holiday let

* Lifestyle or Super Fund Investment

Montage Beach Apartments comprises of 4 individual units just one street back from glorious South Mission Beach , occupying a large 2047m2 corner allotment with 2 street frontages. All units enjoy a sunny, north facing aspect. With a shared resort style pool, BBQ facilities and plenty of car parking, no wonder the units achieve consistently high occupancy.

The individual owners have joined together to offer this spacious property in its entirety.

All apartments are currently on secure leases with a combined gross income of $1275/per week. Let your investment tick along or lifestyle seekers may prefer the idea of living on-site and converting the remaining units back to holiday letting which it was previously - another great option with the prediction of a domestic tourism boom with international travel limited.

Solid low maintenance construction, potential for further development (subject to council approval), lifestyle options and low risk consistent returns, combines to make Montage Beach Apartments a great option to shift your money into a positive income earner:

* 3 x 2 bed, 1.5 bath townhouses plus a 3 bed, 2 bath unit of at ground level
* Townhouse units come fully furnished and ground floor unit is unfurnished
* Modern kitchens and bathrooms renovated in 2012
* Fully air-conditioned throughout
* Fully tiled flooring with polished timber floorboards upstairs in the townhouses
* The complex is fully fenced with courtyard fencing on the end townhouse
* Pet friendly!
* Option to add more units (STCA) due to current building footprint
* 1 street back from the beach with sea views from some apartments
* Individually titled - Dissolve the body corporate when you own all 4
* Units can be sold separately

Marketed exclusively by Tania @ Tropical Property - Copy of outgoings available upon request.

Property Code: 2014

Property History for 44 Mitchell St, South Mission Beach, QLD 4852

A timeline of how this property has performed in the market
  • 17 Nov 2020
    Listed for Sale $1.1M Renting $1275/pw

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About South Mission Beach 4852

The size of South Mission Beach is approximately 20.3 square kilometres. It has 3 parks covering nearly 68.8% of total area. The population of South Mission Beach in 2011 was 778 people. By 2016 the population was 928 showing a population growth of 19.3% in the area during that time. The predominant age group in South Mission Beach is 60-69 years. Households in South Mission Beach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Mission Beach work in a managers occupation. In 2011, 61.1% of the homes in South Mission Beach were owner-occupied compared with 64.2% in 2016.

South Mission Beach has 849 properties. Over the last 5 years, Houses in South Mission Beach have seen a 47.64% increase in median value, while Units have seen a 49.20% increase. As at 31 October 2024:

  • The median value for Houses in South Mission Beach is $556,425 while the median value for Units is $315,641.
  • Houses have a median rent of $540 while Units have a median rent of $293.
There are currently 55 properties listed for sale, and no properties listed for rent in South mission beach on OnTheHouse. According to CoreLogic's data, 38 properties were sold in the past 12 months in South mission beach.

Suburb Insights for South Mission Beach 4852

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.