50 Eden Avenue, Coolangatta, Queensland, 4225

$1,775,000

House 10 5 4
 
Belinda Trotman
0412 881... Website
Lenny McLennan
041760... Website
Rainbow Bay Realty
231 Boundary Street, Coolangatta, Queensland, 4225
More from Agent
50 Eden Avenue, Coolangatta, Queensland, 4225
ENTIRE BLOCK OF 5 X 2 BEDROOM UNITS IN THE HEART OF RAINBOW BAY

Exciting opportunity for you to secure your own piece of Rainbow Bay. Rare offering consisting of 5 neat & tidy 2 bedroom apartments located only one street back from the popular Rainbow Bay and literally 120 metres to world famous Greenmount Beach Coolangatta.

Stand out features;

- Reliable tenancies already in place
- Each unit has its own full kitchen & laundry facilities
- Rear ground floor unit has potential for its own fenced yard
- Roof replaced less than 5 years ago with Colour bond
- Off street parking with a new sun sail over car port
- New carpet & flooring throughout
- Ceiling Fans throughout
- Development Zone: High Density Residential

Where to from here;

- 2 minute walk to Greenmount Beach & Surf Club
- 3 minute walk to Rainbow Bay Beach
- 9 minute walk to Durandbah
- 5 minute walk Twin Towns
-11 minute walk to Tweed Mall Shopping Centre Tweed Heads
- 7 minute walk to The Strand Shopping Centre Coolangatta
- 9 minute drive to Coolangatta airport
- 1 hour 20 minutes to Brisbane airport

The finer details;

- 481m2 block
- Rates $4862.29 PA
- Water $4637.15 PA
- Built approximately1960

For the money makers;

Current rent & lease details

Unit 1 - $320 pw - Lease 27/2/2018
Unit 2 - $330 pw - Lease 05/04/2019
Unit 3 - $305 pw - Lease 5/6/2018
Unit 4 - $320 pw - Lease 09/08/2018
Unit 5 - $310 pw - Lease 22/11/2017

Projected current market rent

Unit 1 - $330
Unit 2 - $330
Unit 3 - $330
Unit 4 - $330
Unit 4 - $350

Holiday Rental Projections;

Low Season - $420 - $440 pw
Holiday Season - $550 - $570 pw
Christmas - $720 - $760 pw

(Holiday projections depend on the quality of furnishings offered)

DETAILS
Date Listed
26/5/2018
House
10
5
4
Land Size 481 Square Mtr approx.
Property ID 18744535
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Location

50 Eden Avenue, Coolangatta, Queensland, 4225, Australia