24/29 Melaleuca Street, Cooee Bay, Qld 4703

Discover a low-maintenance investment gem in the heart of Cooee Bay. Perfect for savvy investors, this property is already tenanted by a reliable, long-term resident who has been happily renting for over five years, currently paying $400 per week with a secure lease in place until 24 Feb 2025. It's a true "set and forget" investment, allowing you to enjoy passive growth with peace of mind.

Ideally located within walking distance to the beach, the popular Two Sisters Cafe, parks, schools, childcare centres, and shops, this 2-bedroom apartment also offers easy access to public transport and is just minutes from Yeppoon's CBD. 

• Spacious master bedroom with air-conditioning, ceiling fan, and built-in robes
• Well-sized second bedroom with built-in robes and ceiling fan
• Tiled, open-plan dining and lounge area
• Well-appointed kitchen featuring generous cupboard space, gas cooktop, oven, and exhaust fan
• Spacious bathroom and laundry area, designed for functionality and convenience
• Security screens throughout for added peace of mind
• Private rear courtyard with a charming garden, with the potential to be fully enclosed for enhanced privacy

This property is nestled in the peaceful and meticulously maintained Cooee Bay Gardens Apartments complex, where residents enjoy access to a sparkling in-ground pool, boom gate security, and a communal BBQ area. All of this is framed by lush tropical gardens, creating a welcoming and relaxed environment that appeals to both tenants and owners alike.

Body Corp which includes admin, building insurance and sinking fund is $1633 per quarter and rates are approx $1950 per half.

These are great units, fantastic location, safe and secure complex near the beach, shops and public transport. Pets are considered and subject to Committee approval.

Compariables in same complex
20/29 MELALEUCA ST, COOEE BAY 4703- $370,000 sold 16/10/2024
9/29 MELALEUCA ST, COOEE BAY 4703- $360,000 sold 26/03/2024
14/29 MELALEUCA ST, COOEE BAY 4703- $383,000 sold 27/04/2024