Old school is cool......
This groovy beachside original has made its way through the decades and still offers plenty of good living yet. Yes it will require some work, though thats the price of owning something a little different.
4 Bedrooms, 1 bathroom, large living areas
Separate single garage, block/fibro construction
Covered out door area, large fenced yard
Bathroom updated, otherwise mainly original
546sqm block. Room for a future pool and shed
Quiet, private location beachside of the main road
Solar hot water service. Living is air-conditioned
Tenant in place at $320/week until April 2014
Very central location within easy walk of schools, shopping centre and parks. Mudjimbas surf beach is a 10 minute bike ride and same time in the car to the Sunshine Plaza.
Investment Information:
Estimated permanent rental return: $16,640/yr ($320/w)
Rates & Water Charges: Approx $2300/yr