House For Sale
Residential homes situated back from the beach throughout the Mission Beach district.
Matching Properties
16 Seaview Street , Mission Beach , QLD
Photos
Price: Sold
- 2 Bedrooms
- 2 Bathrooms
Agent: Steve Wiltshire
Reference: 23023
Enquire about this property
Call Steve Wiltshire 0419 674 409
House For Sale
MISSION BEACH INVESTMENT PROPERTY
PASSIVE INVESTMENT
Called "Passive" because of its hands-off approach, this type of property investment can be lucrative, as leases for childcare typically span ten years or more with little vacancy time. Annual rent excluding GST is $3,213.17 as 12 = 438,558.04. Annual rent over sale price of $585,000 divided by 100 gives a yield of 6.59%. The owners have collected the rent continuously since they purchased the property is 2004.
This solid house holds a prominent position in the town area of Mission Beach
High nett return each year plus capital gain
Long lease - renewable
Tenant pays $6,014.00 towards the Council Rates.
The property is currently operated by professional Day Care Operator and has been for many years.
Inspection by appointment only.
For further details contact Steve Wiltshire 0419 674 409.