Sold | Apartment/Unit | 610/7 Venning Street, Mooloolaba QLD 4557 | $389,000

Beachfront with 5.5% Net Return

  • 1 Bed
  • 1 Bath
  • 1 Car

Rarely in Australia do you find prime beach front property that has a high net income.

Forget negative gearing - Here is your opportunity to purchase an apartment on Mooloolaba Esplanade with stunning ocean views that is delivering to the current owner a 5.5% net return.

Mooloolaba International (which is managed by the Mantra group) enjoys some of the best occupancy rates on the Sunshine Coast - in excess of 90%.

Those fantastic occupancy rates generate a great returns for owners lucky enough to have one in their property investment portfolio.

The resort offers both indoor and outdoor pools, gymnasium, sauna, spa and ground floor and rooftop BBQ areas.

With Coles next door and the wonderful choice of cafe's and restaurants along the esplanade you really can park the car and forget about driving during your stay.

The Sunshine Coast airport is expanding for more international flights in years to come which will only increase demand for holiday accommodation in the region.

With this position, price and income your next question should be - where do I sign!

UNDER CONTRACT - Subject to Conditions

Agency reference #: 1209

This property is proudly listed by:

First National Real Estate Coastal 21/121 Mooloolaba Esplanade
Mooloolaba QLD 4557

Open for Inspection
By Appointment

Additional information

Property Type Apartment/Unit
Property ID 11445101209
Street Address 610/7 Venning Street
Suburb Mooloolaba
Postcode 4557
Price $389,000
Council Rate $3,006
Water Rate $1,166
Body Corporate Rate (quarterly) $2,531
Living Area 58 sqm (approx)