Exceptional Investment or Development Opportunity!

Are you on the hunt for an exceptional investment property that offers both immediate rental income and long-term development potential? Look no further! We're thrilled to present 11 Wundowie Street, Nerang that checks all the boxes for savvy investors.<br/>This versatile dual living property is a prime find, located adjacent to a recently completed development featuring 12 units. Whether you're an investor, an owner-occupier seeking dual living options, or an aspiring developer, this property holds immense potential. Situated on a generous 713sqm block, it's currently tenanted with leases secured until May 2024.<br/><br/>The main property showcases a spacious living area adorned with wooden flooring, along with the added comfort of air conditioning and ceiling fans throughout. The expansive galley kitchen seamlessly leads to the laundry and a large outdoor entertainment area, offering ample storage and countertop space. The main house boasts three generously proportioned bedrooms, each comfortably carpeted and equipped with ceiling fans.<br/><br/>The fully self-contained granny flat features tiled flooring throughout, along with a ceiling fan and air conditioning for year-round comfort. It includes a well-appointed kitchen complete with laundry facilities, a separate shower room, a comfortable living space, and a private bedroom.<br/><br/>The 713sqm flat block is where the true potential lies, with a dividing fence ensuring that both properties enjoy ample space and off-road parking. The development possibilities are evident, as neighbouring projects demonstrate. The time to seize this opportunity is now!<br/><br/>Key Features:<br/>- Expansive 713sqm flat block<br/>- Dual living arrangement<br/>- Secure tenancy until May 2022<br/>- $900 per week in rental income<br/>- Four bedrooms in total (3 in the main house, 1 in the granny flat)<br/>- Covered outdoor entertaining area<br/>- Solar power system<br/>- Rainwater storage<br/>- Conveniently located near a variety of amenities, including a shopping centre, supermarket, and pharmacy<br/>- Suitable for townhouse or multi-unit developments (subject to council approval)<br/><br/><br/>Don't let this remarkable property slip through your fingers. Contact Anthony Yu or Steve Robertson today before it's too late!