North Arm 35 North Arm Yandina Creek Road

First time offered by long term owners of 40 years, this 1.1 hectare allotment houses 14 streams of income on fixed term tenancies! All situated on one title, this is without doubt one of Australia's most unique real estate opportunities.

Sure to capture attention of investors Australia wide, the site occupies two four bedroom houses, seven two bedroom units and five single bedroom studios.

In addition to the generous volume of infrastructure, the property also includes a large in-ground concrete pool, 8.4x19m work shed & under cover carports for all units.

Some tenants have been in place for 15 & 20 years respectively, demonstrating the quality of living created in this unique investment. With affordable housing at all time high demand, all 14 properties offer the potential to enhance yield and rental returns.

The current owner has care taken on site for several years, maintaining the asset to the highest of standards, ensuring maintenance has been kept on top of and presentation of the grounds immaculate. The land is level on the northern end of the Sunshine Coast, only minutes to the Bruce Highway & less than 30minutes to the Maroochydore CBD.

There is approximately 818sqm of dwelling on the property, excluding the carports, shed & communal laundry used by some studio apartment.

This is a captivating investment for now with 6.5% gross rental yields (approx.) currently and the untapped future growth and potential as Australia requires such a strong demand of affordable housing.

Located on Queenslands Sunshine Coast, one of the strongest real estate markets, this ultimately unique residential investment will appeal to a wide range of investors and buyers.

THE PROPERTY
1.1 Hectare Level AllotmentOne Title For Entire PropertyFour Residential Buildings On-SiteIn-ground Concrete Pool8.4x19m Work ShedTown Water10,000L Water Tank6.5% Rental Yield (Approx.) Currently30 Minutes To Maroochydore CBD.5 Minutes To YandinaCommunal Laundry For Use Of Some ResidentsCommercial Weekly Rubbish RemovalPump Trench Float Switch System Sewage SystemThe Current Owner Pays For & Supplies Water To All TenantsNorth Arm Primary School Within Walking DistanceWalking Distance Of Terella Brewery
HOUSE 1
Circa 1900's Renovated Farm HouseFour Bedrooms + Study, Three With Built-insRecently Refurbished ThroughoutUnder House Car Accommodation & StorageLarge Open Plan Living AreaMeals / Family Room Adjoining KitchenFully Fenced Large BackyardBalcony Off Living Area141sqm Of Living Space
HOUSE 10
Circa 1980'sFour Bedrooms, Three With Built-insWell Presented & UpdatedSpacious Open Plan Living AreaBrand New Air-conditioned LivingTwo Dining AreasIsland KitchenLarge Under Cover PatioFully Fenced Back YardNew FencingNew Roof In 2023Termite Management SystemNew Concrete Front Porch162sqm Of Living Space
APARTMENT BLOCK – Units 2-9
Circa 1970'sStreet Frontage PositionFive Studio / One Bedroom ApartmentsThree, Two Bedroom ApartmentsVarious ConfigurationsUpdates Have Been Done Between TenanciesOne Kitchen & One Bathroom Per UnitCommunal Laundry Services Units 3-9Four Washing Machines Included In SaleTermite Management System In Place
APARTMENT BLOCK – Units 11-14
Circa 1980'sFour, Two Bedroom ApartmentsLargest Apartment ConfigurationsAll Units 62sqm EachFull KitchensOne Bathroom Per UnitOpen Private Rear Area For TenantsGenerous Living Areas
This is one incredible real estate opportunity, offered for the first time in 40 years, tightly held, maintained and cared for. With an untapped future potential, we strongly suggest contacting representing agents, Grant Smith & Sean Harding to discuss in detail of the property.

Building & Pest Reports Available Upon Request

NOTE: No access on-site to the property is authorized without the representation of the marketing agents, the property is private and the peaceful enjoyment of the current tenants is considered.

Property Information

• Land area approx 11000sqm
• Floor area approx 818sqm

Property Features

• Carports 14
• Air Conditioning
• Pool