25 Wilma Crescent, Russell Island, QLD, 4184, Australia

Auction: Saturday 20 April 2024, 11AM, on site.

2.5 acres (10,070m2) of waterfront property, returning $80,000 + PA.

Located in the pristine Southern Moreton Bay, within 50km of Brisbane and the Gold Coast, is this ideal investment property. With a two bedroom house plus 7 cabins, lease the whole property, or live on the property with an income.

Looking north from the veranda of your waterfront home, enjoying the morning sun glistening on the bay, enjoying your morning coffee, while contemplating taking the boat out for a few hours fishing...

The first 6 cabins concrete block and were build a a holiday resort in about 1970. The house and the 7th cabin were both built about 12 years ago.

Zoned Rural Non Urban with the approved land use of a Caravan Park, this property comprises of a three bedroom managers residence, 7 cabins, presently generating a total income of approximately $80,000, with the potential for further income, potentially up to $100,000 Gross PA.

This 1.07 Ha (2.64 acre) waterfront property is a truly unique island property. For you new island lifestyle with an income you can not afford not to insect this magnificent property, there are no other properties like this available on the island. Inspections are strictly by appointment only, call Chris now on 0420 555 997 to book your personal inspection.

Auction:
Saturday 20 April 2024, 11AM, on site.

Contact our office today for a copy of:
- The Draft Purchase Contract
- Bidder Registration Documents
- Auction Terms and Conditions

Price:
In Queensland, by law it is illegal for the listing Agent/Office to discuss a price or a price range/guide for a property which is listed for Auction. All interested parties must do their own independent price research.