Investor, First Home Buyer Alert

As the heading suggests, under the major centre zoning all options are on the table with this amazing investment, future development or first home buyer wanting walking access to everything Nambour Central has to offer.

The more you research the more this property will just make sense. The current tenants have been in place for a long time on month-to-month lease and are both looking to sign long leases. Currently returning a staggering $560 per week combined, Unit 1 $300 per week and Unit 2 returns $260 per week with no rent increase being applied in quite some time.

Town planning suggests that the major centre zoning can achieve a multitude of different mixed uses. From previous conversations with council a small portion of commercial can be introduced in conjunction with the remaining residential component to a maximum height of 15 m or 4 stories. This allows the future owner to maximize their yield with the option of small commercial space downstairs and the remainder up to 4 stories of one-bedroom units. Just a quick stroll under the train line to Nambour Central and all of the advantages of being right in the heart of town.

* Tenants can vacate in 2 months
* Both tenants are willing to sign a long lease
* Unit 1 and 2 are Separately metered for electricity
* Air con in each unit
* Centrally located to rail, bus and shopping
* Prime development site
* New hot water systems
* New smoke alarms
* Well maintained investment

If you're just looking to invest the current rent return is a no-brainer based on the estimated selling range.

If you're a first home buyer looking to live in one side, perhaps the two bedroom and rent out the one-bedroom or vice versa. 62 Price Street would be a great place to start as your tenant can help pay the mortgage. Alternatively run a home based business right in the heart of Nambour's high exposure commercial space.

Whatever your motivation make no mistake this is a future proofing opportunity offer to the market for sale, not tomorrow, not yesterday but now.

Call Bradley Milton today 0421 965 226

PROPERTY TYPE

House

Inspection times

View strictly by appointment

That Place Property

Queensland

Contact: 07 5412 1603

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