This exceptional property offers four fully-tenanted studio units located right on the sought-after Bucasia Beach Esplanade. Generating an impressive rental income, this is a solid investment opportunity for savvy buyers.
Key Highlights:
- 4 studio units currently under professional management
- New roof on apartment building in 2023
- Lucrative annual returns, with capacity to increase with improvements on the property
- Generous 1,470sqm residential medium-density land, offering potential to build your dream home or develop up to two additional units (STCA)
- Uninterrupted access to the ocean buffer zone and a convenient walkway to Bucasia Beach
- Renovations have been completed for all bathrooms and kitchens around 10 years ago
- Undercover parking is available, with 4 dedicated parking spaces
- Additional secure storage available and is connected to the shared laundry facility.
With Beach front access to the picturesque Bucasia Esplanade, tenants can enjoy morning and evening strolls along the beach and the convenience of being minutes away by foot, from one of Mackay's favourite dining spots, the 'Beachfront Bar & Restaurant'. Local shops such as your local IGA, amenities, public transport links, schools and prime fishing spots and a boat ramp only a short drive away, this property offers an enviable lifestyle that will continue to attract steady rental interest.
With room for further development, this is a rare chance to secure a versatile investment in a high-demand location. The motivated sellers are ready to move on, presenting an opportunity you don’t want to miss! Booking by appointment only, so give us a call today to arrange a time!
Disclaimer: The Agent does not give any warranty as to errors or omissions, if any, in these particulars, the provided information from the Vendor can be deemed reliable but not accurate. Any persons interested in the property should conduct their own research.