Positive

152 Toolara Rd, Tin Can Bay

by Dean Berman
28.2.2019

A strong yielding unit block with cafe.

According to the advert the 4 units generate approximately $37,440 per annum, the unit above the cafe generates $14,610, the cafe generates $22,219 and solar panel generates $504 per annum, totalling $74,790.

The outgoings are approximately $22,749.

This would make a gross rental yield above 7.2%.

Sold for $705,000 by Thomas Garland of Ray White.

It’s hard to go past the yield on this property and the potential to develop a few more units in the future by resubmitting a DA.

Front of the unit block
Floor plan
Cafe
Example of some internal spaces
Example of some internal spaces
Example of some internal spaces
Greenspace
See more of my buying inspirations
28.2.2019
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