34 & 34A Donald Street, Woody Point

$575,000

House

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EXCEPTIONAL INVESTMENT OPPORTUNITY WITH DEVELOPMENT POTENTIAL

Positioned in the heart of the coveted Redcliffe Peninsula, just a short stroll from the sparkling foreshore, this is a golden opportunity like no other! The perfect chance to grab a ready made superior investment, there is also brilliant scope to build your dream home in a picture perfect seaside location, making this chance a golden egg for investors, owner occupier’s and everyone in between!

Occupying a flat 405m2 parcel of land, there is currently two fully air conditioned dwellings...more on site that provide an exceptional 6% gross yield. A large one bedroom house with enclosed sleepout at the front and a two bedroom house at the rear currently provide a combined return of $615 per week with good tenants already in place. Perfect for a set and forget investment, there is the undeniable opportunity to increase your property portfolio with little fuss!

There is of course the incredible option of capitalising on the easy build quality of a very accessible block by demolishing the current dwellings and building a home of your dreams, taking supreme advantage of a water views with the 12m height limit and position which allows tremendous access to the effervescent seaside foreshore, vibrant dining hubs, quality schools and effortless commute.

Rarely does an opportunity come along that allows such endless scope to renovate, land hold, or build in such a privileged location whilst providing a superior investment in the meantime! This is a once in a lifetime chance to capture a prized piece of the real estate market!

- 405m2
- Two dwellings on site with current tenants in place
- Short stroll to foreshore, parkland, bike paths and local shops
- 1 x 1 bedroom house
- 1 x 2 bedroom house
- 6% gross yield
- Superb opportunity for future development, renovation or building new
- Fully air conditioned
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