1, 2 & 3 196 David Low Way Peregian Beach
Invest, Renovate or Develop – Block of 3 Units
A rare offering, endless opportunities await for this prominent beachside and near village 506 meter rectangular lot of 3 seperately titled units, now for sale in one line.
Offering 2 x 2 Bedroom Units and 1 x 1 Bedroom Unit, the combined built form is extensive and whilst in need of some love at some stage, it generates a sound income.
Invest passively, renovate cosmetically, extend or knock down and redevelop (with Council consent).
The rental return is well established and spread between three tenants, each content with the original or occasional updated finishes. Collect the income whilst considering numerous opportunities, namely;
- Passive investment returning sound residential yield,
- Cosmetic renovation to increase rental income,
- Explore short-term or holiday letting options to increase return,
- Extend, perhaps another level (subject to Council approval),
- Knock down and rebuild (subject to Council approval),
- Owner Occupy one Unit with return from other Units.
Standout features include;
- 3 individual titled units
- 2 x 2 Bed Units, 1 x 1 Bed Unit
- 3 single garages offering easy access
- 2 entrances per Unit
- Northern boundary abutting pedestrian walkway
- 300m walk to the patrolled beach
- 200m walk to Peregian Beach village
- Long-standing tenants
- Solid residential rental return
- Vacant possession can be facilitated
- No Body Corporate Manager fees
- Abundance of storage
The location is paramount with all the conveniences just a stone's throw away, including;
- Peregian Beach Hotel
- IGA and associated retail,
- Peregian Beach village and square,
- Peregian Beach Surf Club and Nippers program,
- The Digital Hub,
- Peregian Beach Community Centre,
- Tennis Club,
- Veggie Village,
- Peregian Beach Community Kindergarten,
- Sports Oval,
- Skate Park,
- Foreshore park and children's playground.
These units are available to buy today, call Damien Steele to inspect on 0415 188 543
5 BED I 3 BATH I 3 CAR