Waterfront Duplex Pair - Huge Upside! - $1500000

Description

Here is a truly magnificent investment opportunity. Currently tenanted at $1,150 a week, this spacious duplex pair can be increased in size by the addition of an extra floor. Hold the pair for a few years as is and when you're ready, renovate and resell for significant profit. Alternatively, live in one and enjoy passive income from the other. An approval is in place for a third floor extension of approx 85 square metres on each dwelling. This would take the size of each apartment to approx 40 squares. Each apartment would then have 4 bedrooms plus 4 bathrooms with living areas on each level. Sunrise Boulevard is fast becoming Surfers Paradise's premier address, with the convenience of having everything within walking distance. The beach, shops, restaurants, cafes clubs are all just minutes away. Or if you enjoy boating, then this is a great place to park the Princess! Take advantage of the current owner liquidating their assets and be ready for the next boom!