Mahere Papa
Discover this exceptional multi-income property located at 152 Toolara Road, Tin Can Bay. This rare offering is perfectly situated across from the foreshore, providing stunning water views and endless appeal for both residents and business. With five tenanted residential units and a commercial shop space, this property presents an outstanding opportunity for savvy investors seeking high returns and long-term growth.
Property Highlights:
Five Residential Units
- Four Units: Two bedrooms, one bathroom each
- One Unit: Three bedrooms, one bathroom
- All units are fully tenanted, generating a solid rental return of $70,844 per annum
Commercial Space
- One vacant shop space with potential annual rental income of $48,000
- Excellent opportunity for an owner-occupier or additional tenant to maximize returns
Prime Location
- Across from the Tin Can Bay foreshore, offering desirable water views
- Access to scenic walking paths and all the natural beauty this coastal town has to offer
Income Potential
- Combined income potential of over $110,000 per annum when fully tenanted, an opportunity exists for further expansion as there is plenty of land to utilize.
For Sale by Tender – this versatile, income-generating property won't last long. Contact Paul Downman on 0407 181 404 today to secure this unique Tin Can Bay investment.
TENDER CLOSES BY 4PM FRIDAY 6TH DECEMBER 2024.
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.70 km | 4 | 2 | -m2 | 2024 11 11 | $850,000 | Council approved | |
 | 0.90 km | 2 | 1 | -m2 | 2024 10 22 | $455,000 | Council approved | |
 | 1.64 km | 4 | 3 | -m2 | 2024 10 07 | - | Council approved | |
 | 1.46 km | 4 | 2 | -m2 | 2024 08 06 | $748,000 | Council approved | |
 | 1.27 km | 4 | 2 | 192m2 | 2024 08 01 | - | Council approved |