Phone Enquiry ID:52784

Description:
Master builder’s home consisting of 4 Bedrooms, 2 Bathrooms, separate Living
Double lockup garage
ROI (Return On Investment) of 10% pa
Revenue circa $26,000 pa, guaranteed by Contract
Adjoining office – suitable home business, consulting, with separate client entry, undercover waiting area
Easy walking distance to a choice of 3 private junior and senior school colleges
Within 10 minute drive of multitude of other schools and colleges, university and hospital facilities
Minutes to M1, Woolworths neighbourhood centre and Varsity Lakes Rail station
Bus stop at front of complex
Within 10 minute drive of Robina Town Centre and Mudgeeraba Shopping Centre
Optional ability to increase revenue through various streams
Scope to redevelop site for 8 townhouses (subject to DA)
Private sale – open to negotiation, with all reasonable offers considered

The House:
This grande Master builder’s home consists of 4 bedrooms (3 double and 1 guest room) and 2 bathrooms (1 main and 1 ensuite). The home is a single level residential house within a small friendly residential townhouse complex and is located in the sought after suburb of Reedy Creek. It is ideally located close to reputable schools, world-class Bond University, shops, cafes, Robina Town Centre, the M1 for easy access to Brisbane and Northern NSW, and is only a short drive to famous Burleigh Beach.

The Master Bedroom is large and features a raked ceiling, loft, walk-in robe, ensuite and air conditioning. The remaining bedrooms are large, spacious, double bedrooms with an additional standard size guest bedroom separate from the other 3 main bedrooms.

The Lounge Room also features a raked ceiling, freestanding slow combustion wood fired heater and air conditioning. There is a wide hallway with large linen closet, archways and concealed bench storage. The large kitchen boasts a wide 900mm stainless steel LPG gas 5 burner cooktop stove and electric oven.

The Office can be used for any suitable home business or consulting business with separate client entry, undercover waiting area with adjoining parking spaces available.

The double garage has 2 separate remote opening doors. There are also 2 dedicated hardstand car spaces in front with further off-street parking.

Additional features include:
2 wide covered verandas.
Tiled and laminate flooring
160sqm fully fenced yard featuring 3000 litre rainwater tank with electric pump, shade sail and vegetable garden (lemon tree, passionfruit, pawpaw, herbs, etc)
300 litre solar Hot Water System (reduces up to 40% off standard electricity bills)
In-ground 30 station termite barrier system
Canadian hardwood used in roof construction
Insulated ceiling batts fitted
Intercom to entry
Some plants, furniture, tools, equipment and materials will be available for sale

This home is within range of many educational facilities, being an easy walking distance (between 40 and 800m) to a choice of three private junior and senior school colleges (Kings Christian College, Gold Coast Christian College and Hillcrest Christian College). Additional high-profile institutes are all within a 6k drive include Bond University, Varsity Colleges, Somerset College, and other state junior and high schools.

Further locale features include:
Robina Town Centre is approximately a 4k drive away
only a few minutes drive to the M1
a few minutes drive to Woolworths neighbourhood centre and IGA, fuel station and restaurants
Varsity Lakes Rail station 1k away
Surfside bus stop at the front of complex
5 minute walk to Playground/Parklands/local restaurants
6k drive to Burleigh Heads and to the northern end of the 8th World Surfing Reserve of surfing locations between Burleigh Heads Beach and Snapper Rocks
6k drive to Bond University
15k drive to Coolangatta airport
10k drive to Pacific Fair and Star Casino

The Return On Investment (ROI):
The ROI is 10% pa based on the contract worth and generates revenue circa $26,000 pa which is guaranteed by a Caretaking contract. The average weekly input is 4-8 hrs/week, to take advantage of short and long term returns and profits. Both Caretaking and Letting Contracts for the next 11 years are on offer for assignment and can be extended. The Letting Contract does not require any performance or work. A Real Estate (RE) license is not required unless engaged in RE activities as sales or lettings and commissions.

The Caretaking Contract increase is due July 2018 with annual CPI increase to approx. $26,000. This contract is to maintain the basic common property eg: grass mowing, garden and pool maintenance, etc and involves minimal work that would suit a handyman, maintenance person, tradesperson, semi-retiree, DIYer, or anyone looking to supplement their income without huge effort. Most equipment is supplied within the sale.

There is an optional ability to increase revenue through various streams being:
real estate sales, lettings and commission
townhouse building works, repairs and maintenance
body corporate building works, repairs and maintenance
student accommodation (3 private colleges and University nearby with international students)

Redevelopment Opportunity:
There is additional scope to redevelop the property for 8 x 2-3 bedroom tri-level townhouses (subject to Development Approval) as the site is zoned medium density residential and would fit within the areas residential environment. A concept drawing is available.

Additional Information:
Why am I selling?….same owner since 2002, children have grown and moved on and now looking to downsize
The adjoining swimming pool next to the property is shared with other owners within the complex
Training provided in handover if desired
Pets allowed
Home Building Insurance is covered by Body Corporate fees

This home is ideally located in the area so you can take the local backroads north or south.

If location, location, location is important to you, and you can see the opportunities within, then this home is a MUST!

The sale is open to negotiation, with all reasonable offers considered. Long settlement may also be accepted, suiting interstate buyers.

Please call through the ID number listed below for an inspection or for additional photos