1-4/4 Tarwarri Crescent, Mooloolaba, Qld 4557

Seldom found A grade real estate opportunity on the Mooloolaba canal system with the perfect NE aspect to water. Looking across the water to the skyline of Mooloolaba's highrises, highlights the importance of Tarwarri Crescent's immediate locality to the foreshore and esplanade, all an easy walk from this residential or investment complex. 

Beautifully presented with previous renovations, all 4 apartments are ideally suited to a range of buyer needs including a multi generational family, permanent investors, holiday/Airbnb investors, developers and land bankers. There is an abundance of opportunity.

The 3 waterfront apartments all enjoy water vistas across the in ground pool. The large 3 bedroom apartment acts as the main residence with its generous size and entire first level position ensuring and privacy and stunning views from its entertainment balcony. The 4th unit stands alone adjacent to the centre courtyard. 

The address ensures convenience with an easy walk to food outlets, restaurants, bars, convenience stores, medical, chemists, Coles shopping centre, marina and the safety of the patrolled Mooloolaba beach. All the benefits Mooloolaba residents love and enjoy. 

The land size is 696m2 with 18m frontage to water. Zoned medium density residential zone 8.5m height (currently under review of SEQ Regional Plan) site offers potential for greater density Subject to Council Approval. A submission could also be made for a pontoon to enhance the water frontage.

Rent Appraised yield $136,760 - $144,040 per annum
Proposed Holiday Let income $202,271 (before GST, linen, cleaning, or long stay discounts)

Apartment 1
Groundfloor 2 bedroom/1 bathroom
Positioned adjacent to central courtyard
73m2
Single lock up garage 
Rent appraisal $600 - $640 per week

Apartment 2
Groundfloor 2 bedroom/1 bathroom
Waterfront position with canal views 
65m2
Single lock up garage 
Rent appraisal $620 - $650 per week

Apartment 3
Groundfloor 2 bedroom/1 bathroom
Waterfront position with canal views 
65m2
Single lock up garage 
Rent appraisal $620 - $650 per week 

Apartment 4 
Oversized 3 bedroom/2 bathroom
Waterfront position with canal views 
Occupies entire first level 
123m2
Single lock up garage 
Rent appraisal $790 - $830 per week

We proudly offer to auction and encourage offers prior to auction due to the nature of the waterfront site and complex having no comparable sales in Mooloolaba. 

We look forward to assisting you with inspections and investigations on such a rare opportunity. 

*This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.