1/19 Cordellia Street
Coolum Beach, QLD 4573

Overview

1/19 Cordellia Street, Coolum Beach

Positioned in a quiet, family-friendly street, Unit 1/19 Cordellia Street offers a unique opportunity to acquire a versatile and income-generating duplex located just moments from the vibrant Coolum Beach community.

This single-storey brick and tile duplex is ideally situated within easy walking distance to local parks, the beach, shops, and schools, providing both lifestyle convenience and investment potential.

The front section of Unit 1 features comfortable living spaces including two generously sized bedrooms, a well-appointed bathroom, a functional kitchen, and open plan lounge and dining areas that create a welcoming atmosphere for residents.

Outdoor living is enhanced by a covered courtyard, perfect for relaxation and entertaining, while a carport offers practical everyday parking solutions. This front portion is currently tenanted, generating a weekly rental income of $695.

At the rear of Unit 1, there is a studio space that adds further flexibility and strong rental appeal, currently leased at $460 per week. This dual income setup results in a combined rental return of $1,155 per week, representing an impressive yield that is highly attractive to investors.

This property is well suited to a variety of buyers, including investors seeking solid returns, retirees looking for additional income, or first home buyers exploring smart entry options into the market.

Notably, there are no body corporate fees associated with this property. Instead, the owner of Lot 1 shares the costs of building insurance, gardening, general maintenance, and annual pest control with the owner of Lot 2. These shared expenses amount to 50% of $3,350 per year, equating to approximately $65 per week.

This duplex represents a compelling opportunity in a prime location, combining lifestyle benefits with strong investment fundamentals.

Location