12-16 Lawton Lane CANUNGRA QLD 4275
Offers Over $1,199,000

DESCRIPTION

Looking for a solid land bank investment? Look no further, this property currently has 3 units all with long term tenants collecting a solid return on investment. Additionally there is an opportunity to further develop the existing 1,396m2 block using the vacant land at one end of the property.

Unit's 1 and 3 feature 2 bedrooms, 1 bathroom, tiled throughout with front and rear patios
Unit 2 features 1 bedroom, ensuite bathroom with front and rear patios

Features:

Solid double brick construction with all units being in good condition for their age
Carports at the front of each unit
All units have split system air conditioners
Separate laundry's
Centrally located in the quaint Canungra township
Walking distance to local schools, shops and medical centres
Approximately 20 minutes drive to Nerang and the M1
Long term tenancy history with rent increases factored in
Over $68,000 per annum in gross income
Affordable rates being on 1 title only
Building and pest available on request

Call or email Alex Bally to arrange an inspection.