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Land/Development in Maroochydore, QLD1 McKenzie Dr

1 McKenzie Drive, Maroochydore, QLD 4558
1 McKenzie DriveMaroochydore QLD 4558 AUS
-26.654133 153.071457
Price On Application
  • Building area 240 sqm
  • Land area 0.21 acres / 869 sqm

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Fully Tenanted Investment with Development Upside

Property ID 1922701
Ray White Commercial North Coast Central are pleased to present to market 1 McKenzie Drive, Maroochydore.

This property represents an opportunity to secure a medium density residential zoned development site with good holding income making for a great investment to develop either now or in the future.

The property represents the following:
- 869m2 Land
- Three existing units on a single title with a holding income of $44,980 P/A
- Two units have recently been fully refurbished
- Tenants have occupied the units for 5+ years, on periodic leases
- Zoned Medium Density Residential
- Located in Central Maroochydore, close to the CBD
- Opposite well established Kindergarten and Schools.

Contact exclusive marketing agents Emily Pendleton or Michael Shadforth for further information or to arrange an inspection
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Investment data

Key Information
Tenancy Status Currently Tenanted
Annual Yield (Gross) N/A (Marketed Without Price)
Annual Yield (Nett) N/A (Marketed Without Price)
Title Scheme Not Applicable
Financial Details
Rental Income (Weekly) $865 *
Gross Annual Income $45,103 *
Water Charges (Annually) $3,102
Council Rates (Annually) $3,123
Strata Fees (Annually) $816
Total Annual Costs $7,041 *
Nett Annual Income $38,062 *

The above figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply.

* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.