42 Ocean Street

Mermaid Beach QLD 4218

The structure is solid - rendered brick and tile which provides you with a great base for any refurbishment and the ability to add serious value to the property.
Unit 1 comprises of 2 bedrooms, 1 bathroom and has been tastefully renovated with solid bamboo floorboards, a skylight, timber shutters, a timber kitchen, 'Crimsafe' on the entrance door and video intercom providing a warm and safe feeling throughout the home. The manicured gardens and private undercover courtyard offers the perfect sanctuary to relax and unwind outside in your own quiet space.
Unit 2 also comprises of 2 bedrooms, 1 bathroom, is tiled throughout and is nicely tucked away at the rear of the block with an outdoor undercover courtyard that is perfect for relaxing outside on those warm summer days.
Features:
- Prime beachside position
- 2 income streams
- Fantastic investment opportunity
- 2 bedrooms, 1 bathroom, single garage each
- Walk on the beach daily
- Close to Pacific Fair, restaurants, cafes, schools and transport
The choice is yours, purchase solely as an investment property and rent both taking advantage of the 2 income streams, live in one and rent the other to assist in paying the mortgage, or transform the whole block into your dream beachside home. Opportunities like this do not come up very often, especially in such a prime location, so inspect today before you miss out. Call Luke Henderson or Cindy Katene to book in your inspection.
Council Rates: approx. $2,885 p.a
Water Rates: approx. $1,300 p.a
Rental Income: Unit 1 estimated at approximately $450 p/w. Unit 2 is currently tenanted for $395 p/w.