Luxury Beachfront Location, Ultimate Investment Opportunity

Address: 10 Peninsula Drive, HAY POINT

Price: $367,000 with Ocean views

Architecturally designed to its surroundings, this project consists of eight individual apartment blocks - seven freestanding blocks each consisting of six 2 bedroom apartments with the eighth apartment block consisting of a manager's residence plus four 2 bedroom apartments.

Ideally located, Salonika Beach Apartments is situated south of Mackay, and is home to many species of native wildlife including the rare loggerhead turtle, sea eagles, echidnas and the occasional seasonal whales and dolphins.  Two kilometers of unspoiled beach with crystal clear waters is a popular haven for fishing and boating.

As North Queensland's fastest growing employment hub, this region is home to the world's greatest sugar growing industry along with the largest coal export employment generator in the Southern Hemisphere.

Each apartment consists of:

• Two bedrooms both with built in wardrobes
• Main bathroom with ensuite to main bedroom
• Air-Conditioning, a necessessity for tropical north Queensland
• Open plan lounge & dining area
• Patios on the ground floor apartments and balcony areas off the lounge rooms on the first floor and second floor apartments, all facing east
• Top floor apartments boast glamorous beach views
• Each apartment is furnished & holds its own laundry

Development specifics:

• Opportunity to purchase single units from $347,000 - $367,000 with ocean views or block of six at a heavily discounted price
• 12 month rental guarantee at market rent - anticipated 9% ROI - cashflow positive
• Surrounded by Mackay's $7.5b coal projects projected to create 2,500 jobs
• Minutes to local bars, restaurants, shopping and deep water boat ramp
• Direct beach access, never to be repeated
• Resort facilities include lagoon style pool & BBQ area
• Completion & Settlement early 2011

Secure this opportunity with a 10% deposit and the balance on completion.

From the 1st of January 2010 a copy of the Sustainability Declaration for this property will be available from the Agent

Location