108 Esplanade, Toorbul QLD

For Sale

Retail

Auction: Thurs, 6 Dec 11:00am

657m2

The property has a 5 bedroom highset house + 4 flats on the site providing a lifestyle and investment opportunity.

Located opposite the Passage and waterways between Bribie Island, the property holds a commanding position at the heart of the entrance to the Township of Toorbul. Offering commanding views, take a step back in time and own your own retro beach house which also includes 4 individually let flats.

The current zoning is General residential under the new Town Plan, however has been previously zoned Local centre. Future developments will require an Impact Assessable DA.

- Total Land Area: 1,005m2*
- Total Building Area: 657m2*
- Corner position
- 5 Bedroom highset home with fully functional utility rooms below
- MEGA secure storage area below the house
- A block of 4 x 1 bedroom flats
- All flats have long term tenants
- Flats have a shared laundry
- Direct access to the Pumicetone Passage and Moreton Bay
- All currently tenanted + potential for rental increase
- The complex also offers a unique setup for an income producing home! You may choose to renovate and live and work from the house and receive income from the flour flats which currently rent at $760 per week
- Information Memorandum available on request

TENANCY DETAILS:
Flat 1 - returning $190 p/w - lease ends 28/06/2019
Flat 2 - returning $190 p/w - lease ends 28/06/2019
Flat 3 - returning $190 p/w - lease ends 28/06/2019
Flat 4 - returning $190 p/w - lease ends 28/06/2019
House - returning $250 p/w - lease ends 28/06/2019
Total: $1,010 per week

AUCTION: Thurs, 6 December 2018 11:00am
In Rooms, The Event Centre, Caloundra

For more information or to arrange an inspection please contact Marketing Agent:
Thomas Garland 0412 161 123
thomas.garland@raywhite.com

*Approx.