This is a unit on a parcel in 3/RP82879 Miami QLD. Comparable sales have been around $680,000. Constructed in 1970, featuring 1 bedroom and 1 bathroom.
Investors Take Note! 5% Plus Return On Investment With Potential Dual Income in Miami This elevated North East corner location in Miami is the location for a sound investment.The potential to hold long term with attractive returns or the potential to renovate this home on a budget presents a great opportunity to add substantial value.Any way you look at it you can't lose. You may want to demolish and develop to create a spacious executive family home for you and your family the choice is yours either way potential to add immediate value in this market is huge.The option to go up a second level and create views over the Miami area all the way down to Burleigh Heads and out to the easterly Pacific Ocean horizon makes this the perfect property to do a renovation and flip in the same market.The main weatherboard home consists of two good size bedrooms with spacious lounge and dining, separate kitchen and breakfast bar, quality hard wood polished timber floors, separate toilet and good size bathroom. A single lock up garage underneath creates good storage plus a double carport for off-street parking. This elevated location is perfect to attract the sea breeze off the Pacific Ocean with an opportunity to renovate and take in ocean views. Off the kitchen is approximately 75m2 of 8-inch floating concrete slab balcony elevated to take in hinterland view to the west. This area could be framed up to create a sizable extension to existing residence (STCA). Current rental on this property is $730.00 per week.Underneath the suspended slab is a completely private self-contained 1-bedroom solid brick guest accommodation with ceiling/roof being the 8-inch floating slab. The spacious unit with good size living area and generous sized bedroom opens out to a large open undercover private entertaining area. FEATURES:- E/NE elevated corner block- 2-bedroom home- Self-contained 1-bedroom guest quarters- Present income of approx. $38,000 p.a.- Potential to renovate and create views to Burleigh Heads and East to ocean horizon Situated 800m from the world-renowned Miami Beach and Surf club, under 700m to the Nobby Beach precinct with some of the Gold Coasts best wine bars, restaurants and cafes and only 330m to Miami High you can understand why this location is so desirable. The newly released plans for the next stage of the light rail in the foreseeable future will allow full access from Helensvale to Burleigh Heads.The planned light rail and associated infrastructure are approximately 300m from your front door, this will only increase the property values in the immediate location in this extremely desirable tightly held area. Please call to arrange private inspection.Potential buyers should make their own inspections and enquiries and seek their own independent advice before signing a contract of sale, to satisfy themselves that the property meets their requirements.