UNDER CONTRACT
Income Producing Land Banking Investment

Photos | Floorplan | Inspections | Info | Location | Agents | Questions

9 Cronin Avenue, Main Beach, QLD 4217

for Sale | BlockOfUnits | Main Beach

Offers Over $2,500,000

Bed
12
Bath
6
Car
6

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.

General Features

Property Type BlockOfUnits
Land Size 559 squareMeter
Building Size 300 squareMeter
Bedrooms 12
Bathrooms 6

Outdoor Features

Garage Spaces 6

Photo Gallery

Browse Full Gallery

Location Map

9 Cronin Avenue, Main Beach, QLD 4217

 

Inspection Times

There are currently no inspections scheduled for this property.

REQUEST INSPECTION

You may also be interested in ...

BUY
Offers Over $395,000
2/35 Breaker Street, Main Beach
Pure Potential and Position
2 1 1
This is the perfect opportunity to secure this ground floor apartment perfectly positioned, just a short stroll to pristine beaches. Entry level into Main Beach, a good investment as a land banker, . . .
There are currently no inspections scheduled for this property. Please contact our Sales Team on 07 5564 0712.
UNDER CONTRACT
$585,000
'Main Beach Views' Montgomery Avenue, Main Beach
UNDER OFFER
2 2 2
Renovate & Reward Yourself! The Potential Here Is Immense! Boutique and Residential Only. 2 bed, 2 bath, 2 car. Two Good To Miss. We present a rare opportunity within one of the most tightly held . . .
There are currently no inspections scheduled for this property. Please contact our Sales Team on 07 5564 0712.
BUY
$850,000
'NORFOLK' 3534 Main Beach Parade, Main Beach
Love the Space, Live the Location
3 2 1
Effortless Beachside Family Fun! Three bedroom apartments in Main Beach are not an easy find, three bedroom apartments across the road from the sand, situated on the northeast corner of level 1 where . . .
There are currently no inspections scheduled for this property. Please contact our Sales Team on 07 5564 0712.