Offers Over $2,500,000

9 Cronin Avenue, Main Beach, QLD 4217


Income Producing Land Banking Investment

Whole block of 6 renovated units.

Strong investment credentials with gross income of approximately 5%. Generous depreciation allowances are available as the units were refurbished in 2017/2018. Council costs equal approximately $20,000 per annum. Minimal body corporate expenses. Maintenance expenses are also low due to the recent renovations.

Features 6, individually titled 2 bedroom, 1 bathroom units identical in layout. They all feature air conditioning, new kitchens and bathrooms and internal laundry facilities. Fully tenanted, minimal vacancies and currently with an annual income of approximately $125,000.

Situated in a quiet Main Beach street amongst similar properties offering significant development potential.

A rare opportunity in a blue chip Gold Coast suburb experiencing some real growth.

All enquiries to Annette Sinclair at [email protected] or 0408 218 361.

Main Beach, with its proximity to excellent Gold Coast Public & Private schools, including TSS and St Hilda's Schools, offers a variety of restaurants and cafes, Southport Yacht and Surf Clubs are within walking distance and nearby are Marina Mirage, The Sheraton Mirage, Palazzo Versace, Sea World and the new Aquatic Centre. Close to public transport and the G:Link light rail.

While care has been taken to ensure that photographs, floor plans and information for this property are true and correct at the time of publishing, third party conveyed information or alteration in circumstances may impact on the accuracy of this information.

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DEMOGRAPHICS

Population
Average Age
57% Owner
32% Vacancy Rate
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