An outstanding investment opportunity to purchase a rare freehold waterfront building with a mix of residential and commercial letting.

Offering 2 tenanted extra large, 2 bedroom 2 bathroom waterfront residential units plus
3 ground level waterfront shop fronts.

Located in the popular Bongaree recreation and dining precinct this investment offering will appeal to experienced investors. The commercial shop fronts are occupied by a thriving hairdressing Salon and Bribie Islands highly regarded restaurant and finest dining experience; Luke's By The Sea.

The building, built in 1993 is of solid and extremely sound structure with maintenance regularly kept up to date. Rear access to the building provides for off the street parking for 6.

Time has come for this owner to move and fulfil his retirement plans. He is serious about selling and seeks offers from qualified Investors.

With 5 tenancy's in place currently returning 5% with a proposed income potential of 7%, it makes sense to park your retirement fund here.

Property Details

  • Air Conditioning
  • Balcony
  • Built-ins
  • Entertainment Area
  • Secure Parking