Block of 4 strata title units being sold in one line

ResortBrokers is excited to bring to the market the opportunity to purchase a freehold site consisting of 4 x two-bedroom units being sold in one line. This is a fantastic real estate investment opportunity with huge potential for future development. Set on 809m2 of land zoned RESIDENTIAL B R4 and with an approx. 20 metres frontage, Wynnum Bayside Apartments are currently being run as short term accommodation achieving a yearly revenue of rental income of over $150k in 2021 alone. However, after expenditure was used in order to run the business as passively as possible, the owners earnt a Net profit of $79,104. Wynnum Bayside Apartments has been assessed by Queensland Tourism with a 4.5-star accommodation rating.