Colliers present a unique opportunity to purchase a Lindsay Clare architecturally designed beachfront resort style villa complex with development upside in Rainbow Beach, one of Queensland's most stunning coastal towns and the gateway to K'gari (Fraser Island) and Double Island Point.
The freehold beachfront resort style complex also includes a balance land parcel offering potential for an Apartment style development up to 15 metres* AHD, or to build your dream Beachside home on one of Queensland's most pristine surf beaches. In excess of $1 million has recently been spent refurbishing the property, offering buyers the benefit of a low maintenance property and the potential to significantly improve your return, via concept plans for an additional 24 Apartments.
Key features of the property include:
- 7,260m²* freehold lot in a magnificent beachfront location only metres to beach & ocean.
- Estimated gross income of $437,000* per annum.
- Combination of 12 spacious one to four bedroom Villas with new furniture & fittings in the short term let Villas
- Air-conditioning & fans throughout
- Large lagoon style pool with BBQ entertaining area + amenities block
- 9 x 12 metre shed with 5KW solar + scaffolding & 12 metre scissor lift for maintenance
- 2 x 20,000 Litre water tanks with automatic irrigation system for gardens & lawn
- Significant improvements including 4 recently refurbished four bedroom holiday let Villas with ocean views and resort style facilities.
- 1,686m²* of balance land with concept plans for 24 Apartments or to build a spectacular single residence up to 15 metres* AHD.
- Substantial capital recently spent on upgrading and 'modernising' the complex.
- Positioned in quiet and secluded estate just 2km* drive from Rainbow Beach Village offering shops, café/restaurants and 5 minutes* to airstrip.
9 Wyvern Road represents a rare beachfront investment with immediate income and option to further develop within one of Queensland's best known beachside communities at the gateway to K'gari (Fraser Island). With the new Gympie Bypass opening in 2024, Rainbow Beach will be 20 minutes* closer to Noosa and Brisbane, capitalising on the growing accessibility and growth of the region.
For Sale - Offers over $3,900,000
For more information or to arrange an inspection please contact exclusive marketing agents Baydn Dodds or Jesse Howitt
*Approximately
