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Just Purchased! Beachside Investment Property with so many redevelopment choices!

Posted By Nicole Marsh - Buyers Agent  
26/02/2019
09:40 AM

Congratulations to Lance and Susan who have just purchased this great little development site on the southern end of the Gold Coast!!

 

Purchased: February 2019

 

This property offers them lots of options! They are planning on putting tenants in for a few years while they work on getting plans approved to build a duplex pair. They may even decide to fully renovate the property and move into it themselves in the long term.

 

Located less than 500m to the beach, we paid $749,500 for this property. With a holding income of $600 - $650pw it will tick along nicely until they decide on their next move.....

 

 

Whatever they decide, this property stood out for a number of reasons:

- development potential

- north facing backyard which is almost a must on the GC

- good layout and quality build for future substantial renovation down the track if they decide

- location! It doesn't get much better than this....

 

 

There are comparable sales in the same street for renovated properties at over $1,300,000 so they have plenty of scope to add value here without over capitalising.

 

 

Congratulations on purchasing your first investment property guys! What a way to start......! 

 



Talk to me today to find out how I can help you find your perfect property here on the Gold Coast too!

At Eureka Buyers Agents WE FIND. WE NEGOTIATE. YOU SAVE!