Rainbow Bay… it's a spot held very close to a lot of hearts. Maybe it's the world famous surf breaks, but I have a feeling it's the village environment that makes this peninsular so special. Set directly opposite the main hub of Rainbow Bay is 'Haven', a set of flats filled with history & full of future potential. This income producing set of flats are an ideal addition to any portfolio for the astute investor. * Five apartments on one title * Upstairs: 2 x 2 bedroom apartments, both renovated & being holiday let * Downstairs : 2 x 1 bedroom units + 1 x 2 bedroom unit * Grounds: 2 x sheds, both with power (one with a kitchenette), 1 shed with shower, bathroom & laundry facilities * Income: Upstairs Holiday Let - $35,459.00 * Income: Downstairs Permanently let, returning $47,840/year * Weekly Income - Unit 1 : $340/week / Units 2 & 3 : $290/week * TSC Zoning : Medium Density * Developable area of 14m x 10m (complying with standard setbacks) * 18-metre frontage * 443sqm freehold land * Great development options subject to Council consent. * International Airport - 4km away The appeal of the area is its access to so many opportunities. Snorkel in the Tweed River, enjoy multiple beaches and be walking distance quality restaurants and bars.