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Overview
3 Unit Complex / Gross yield potential 6.2%
This property presents a rare coastal investment opportunity located in the tranquil community of Saunders Beach. Situated at 34 Coral Street, this offering comprises a block of three separate units on a single title, providing exceptional flexibility for buyers. The property benefits from no body corporate fees and is positioned just moments from the beach in a quiet pocket of Townsville.
The first unit is currently leased at $350 per week until March 2027. It features three spacious bedrooms equipped with ceiling fans, two of which have air conditioning. The living area is also air conditioned, offering comfort throughout. The open plan living and dining area flows into a large kitchen with ample bench and cupboard space. The bathroom includes a step-in shower and a separate toilet. Additional conveniences include an internal laundry, a covered outdoor entertaining deck, and a single undercover carport.
The second unit is leased at $300 per week until January 2027. It offers two bedrooms, one bathroom, and one carpark space. The layout is practical, making it an ideal rental or extended family option.
The third unit is leased at $225 per week until August 2023. Similar to the second unit, it includes two bedrooms, one bathroom, and one carpark space. Its practical layout also suits rental or extended family use.
Set within a peaceful beachside community, this property is a smart choice for investors, extended families, or buyers seeking a coastal residence with genuine flexibility.
About Saunders Beach:
Saunders Beach is a quiet residential suburb located approximately 25 kilometres north of Townsville. The community lies just southeast of the mouth of Althaus Creek, with the beach extending about six kilometres further southeast to the mouth of the Black River. Residents enjoy an abundance of beach and reef fishing opportunities, an active community centre, and very low crime rates. This suburb offers a lifestyle reminiscent of traditional coastal living.
Potential buyers are encouraged to verify all information independently and conduct their own inspections to ensure the property meets their requirements. Some photographs may have been taken some time ago or modifications may have occurred since the images were captured.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Saunders Beach QLD 4818
Market Insights for Saunders Beach QLD 4818
Other properties in this postcode
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