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92 Midgen Street

Kooringal, QLD 4025, Australia
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5 bed 3 bath 5 car607m²

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About this property

92 MIDGEN STREET, KOORINGAL Welcome to the Pearl of Kooringal, located approximately 40 minutes from Cleveland or Manly Harbour across the most pristine waters of Moreton Bay. Within approximately 130 meters of Days Gutter, where you can moor your boat, swim or play with your children or just relax under the shade of mangrove trees & enjoy stress-free living at Kooringal, Moreton Island. This property is found at 92 Midgen Street, Kooringal. This property is extremely unique as it has multiple dwellings. Currently this gives the owners the opportunity to receive a rental return whilst leaving a large portion of the property to be enjoyed by the owners for their own family holidays. This is the best of both worlds combining investment with lifestyle. Expertly Renovated & Painted Land Size approx. 607 sqm Living Area approx. 307 sqm Four separate Living Areas all fully furnished Two Modern Kitchens plus Kitchenette all fully equipped Three large Bedrooms 2 fully furnished Units plus a furnished Dorm Area Three stylish Bathrooms 2 fully tiled plus 1 tiled & corrugated iron interior Three Toilets Four TV's Freshly Painted Outdoor Areas Enormous entertainment area with Kitchenette / TV / Furnished Gas or Wood BBQ High Powered 2200amp hour Solar Battery System Solar Panels 9 x 250W Rainwater Tanks approx. 21,000 litres plus Header Tank Grassed & Landscaped Outdoor Shower to wash away the sand & salty water Spacious 2 Car Garage Paved Car Parking Area for 3 vehicles 6 KVA Lister Generator Two Instantaneous Gas Hot water systems Two Electric Water Pumps One Petrol Bore Pump with Fire Fighting Fittings Rental properties are scarce at Kooringal so a home of this stature can provide a profitable return on your investment, as this home has previously proven. As an investment, owning a property of this size, 23 families can holiday together providing excellent rental return. The home can sleep 10 - 12 people which increases your return due to the number of people staying. The property could also be used as a brilliant business investment opportunity as a BnB or Wedding Venue as Kooringal now has its own Marriage Celebrant. Being within a short drive or walk to Readers Point & Long Point where fishing, wind surfing, crabbing, water skiing & surfing are just some of the assorted activities enjoyed at Kooringal. Relaxing in the company of friends & family while having a drink or two on our beautiful white beaches, then, later in the afternoon as the sun sets over Brisbane, you will be astonished by our magnificent sunsets. You can't get any better than living at Kooringal on Moreton Island.

Property Features

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    Repayment calculator

    $6,060/month
    $3,030 /fortnight
    Loan $1,000,000 at 6.10% over 30 years

    Price estimated from comparable nearby — edit below to use your own number

    Upfront costs

    Deposit$250,000
    Stamp duty$52,400
    Conveyancing (est.)$2,000
    Total upfront$304,400
    Verify with QLD revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    house
    Listing Type
    For Sale
    Bedrooms
    5
    Bathrooms
    3
    Parking
    5
    Land Area
    607m²
    Listed
    2 months ago

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