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House For Sale

Residential homes situated back from the beach throughout the Mission Beach district.

Matching Properties

16 Seaview Street , Mission Beach , QLD

   
For more information and photos, scroll down

Price: $585,000 [plus GST if applicable]

  • 2 Bedrooms
  • 2 Bathrooms

Agent: Steve Wiltshire

Reference: 23023

Enquire about this property

16 Seaview Street , Mission Beach , QLD




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.