150 Sylvan Drive

Moore Park Beach QLD 4670

All units are currently tenanted returning $260 - $285 per week per unit with most units being occupied by happy long term tenants. Current weekly income is $1650 or $85,800 per year. There are ways to capitalise and create even more income with future rent rises, conversion of common room and as the land is zoned Medium Density, there is the possibility of building more units on the 4530m2 land subject to relevant council approvals.
An astute investor has the opportunity to purchase the complex consisting of the 6 strata titled units with Body Corporate Management or to maintain the complex in their own regard. There is also the option to de-strata the units to reduce expenses to increase the net yield. This could be the Self Managed Superannuation Fund opportunity that you have been looking for. A building and Pest inspection has been carried out and no major issues were identified in the report.
The property is located on Sylvan Drive, a prestigious address featuring other unit complexes and prestigious beachfront homes on large homesites.
Moore Park Beach is a quiet coastal community with 19 km of golden sandy beach. It is popular location for the locals and tourists and attracts many southerners who migrate from Victoria and NSW for the warm Winters. The northern end of the beach has four-wheel driving access to fishing, crabbing and camping and the southern end is a popular swimming area with seasonal patrols by the Moore Park Beach Surf Lifesaving Club. Moore Park Beach maintains a natural environment with an abundance of wildlife including birds, kangaroos and the beach is a nesting site for loggerhead sea turtles in the Summer months. Moore Park Beach also offers all the essential amenities such as a shopping village with IGA supermarket, chemist, takeaway shops, bakery, modern primary school and clubs such as Moore Park Beach Tavern and the Bowls Club. It is a 20-minute drive to Bundaberg CBD or 50-minute flight to Brisbane.
This is a peaceful coastal lifestyle location where you can enjoy the sounds of the ocean, fresh air, cool ocean breezes, sun, sand, surf, and long walks along the beach. Contact Tania Bunyan on mobile 0488 918588 or by email at tania.bunyan@raywhite.com.au to arrange an inspection or to obtain the full prospectus detailing income/expenses/building plans etc.
The motivated sellers have priced this property to sell - don't delay call today!