15 Second Avenue

Toorbul QLD 4510

When rent return is important and location is key, look no further. On 698m2, water views from the block, and a stunning esplanade running the entire waterfront, these 3 flats are an investors dream. Yes, they aren't new. Yes, they have seen better days. Yes, you could renovate. But hey, what a fabulous location and they make money! With excellent tenants in place, these seaside flats have always been occupied with very little or no vacancy time. To the savvy investor and/or developer and with the current footprint of the buildings, what an opportunity to rebuild if so desired. Properties like this are rare so having the option (without changing the present land use) to have multiple dwellings on the same lot is incredibly sought after. Nevertheless, in the future, if you fancy building a home in a stunning location by the seaside, this could be your dream? In the meantime, just sit back and enjoy the weekly income x 3......

Units 1 & 2 are both good sized one bedroom, one bathroom and one carport flats.
Unit 3 is situated at the rear of the property and has 2 bedrooms, one bathroom, separate lounge/living, large utility room and its own car accommodation.