1/16 Avicennia Street

Rose Bay is one of Bowen's most highly sought-after addresses, and properties here are rarely offered for sale. This secluded unit complex situated near to the end of a quiet cul-de-sac offers you the chance to start your seaside dream. Over time, you can value add to this property with a bathroom and kitchen upgrade, painting and new flooring as well as new lighting. These upgrades are not essential right now, but they will improve your value and return over time. The location of this complex allows the occupant to enjoy the sounds of the waves crashing and easy access for a peaceful walk on the beach every day. Currently, this property is rented to a long-term tenant returning $390 per week with a solid lease until 13/04/2027. Investors, this property is easy. Immediate rental income upon settlement offers you a fantastic return on your investment with this property. This two bedroom unit is located on the lower level of the complex at the front, offering easy access. The unit is very spacious and will benefit from wonderful sea-breezes. Split system air conditioning is fitted in the main bedroom. On-site undercover carparking is featured at the rear of the complex, with easy walkways offered to each unit in this four-unit complex. As an added bonus, there is a wonderful new café just steps from your front door that has fast become highly regarded for its coffee and decadent desserts. How can you resist this rare chance to start your beachside lifestyle today? Book your private inspection today, *allow some time for notice to be given to the tenant. THE FIGURES: Rates: $1,197 per half year Body Corp: $1,009.07 per quarter Rental Income: $390 per week Lease Expiry Date: 13/04/2027