Block of Units for sale

1-6/150 Sylvan Drive,

Moore Park Beach, QLD

18 12 6

SUNRISE APARTMENTS - Buy One Unit or Buy All Six!

Huge Price Reduction from $1,850,000 to $1,450,000!! - Priced now for immediate sale!!

This is a unique opportunity to secure a pristine location & property consisting of 6 freehold units as a package on 4530M2 beachfront land with direct access to 19kms of sandy beach at Moore Park Beach.

Alternatively 4 of the units can be purchased individually for the following prices;

Unit 1 - $250,000

Unit 2 - $240,000

Unit 4 - $250,000

Unit 5 - $220,000

This property is suitable for Investors, developers or even an owner occupier who could live in one unit and rent out the rest for income. There is the opportunity to keep these apartments strata titled with Body Corporate Management or to maintain the complex in your own regard if you were to purchase all 6 units. This could be an excellent Self Managed Super Fund opportunity.

Each unit has 3 bedrooms, 2 bathrooms and a secure lock up garage. The common grounds include an in-ground pool, tennis court, common room that could be converted into a 7th unit, manicured grounds and ample guest parking.

All units are tenanted returning $260 - $280 per week per unit. The current weekly income for all 6 units is $1650 or $85,800 per year. There are ways to capitalise and create even more income with future rent rises, holiday letting, converting the common room into a 7th unit or building more units on this over 1 acre beachfront land subject to planning and development approvals.

Moore Park Beach is a quiet coastal community with an excellent primary school, shops including IGA supermarket, chemist, restaurants and takeaway shops, Moore Park Beach Tavern, and Moore Park Bowls Club. It is a 20 minute drive to Bundaberg CBD. The northern end of Moore Park Beach allows four-wheel driving, the southern end is a popular swimming area with seasonal patrols by the Moore Park Beach Surf Lifesaving Club. The beach is also a nesting site for loggerhead sea turtles in the Summer months.

This is a lifestyle location - great for walking along the beach, water sports, tennis, swimming, and fishing.

Property Code: 184
Last updated: 10:25PM on Jul 3rd 2017
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