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16 Compass Court, Mermaid Waters QLD 4218
SOLD UNDER THE HAMMER AT AUCTION
  • 3
  • 2
  • 2
  • 762 m2

Overseas Investor Sacrifices Wide Waterfront Home

We are under strict instructions from the owner.....sell, sell, sell!!

Wow! This water is simply breathtaking - grab your hard hat and hammer and add value to this 3 bedroom, 2 bathroom brick and tile waterfront residence, or simply knock down and build your dream home in this prime waterfront location. Situated on a large 762m2 land area with a wide 22.5 (approx.) metre water frontage, this property boasts a fantastic Easterly aspect over expansive wide water and is perfectly positioned in family friendly Mermaid Waters only minutes away from Pacific, Q Super Centre, Pizzey Park Sporting Complex, parks for the kids to enjoy and to top it all off, it's a short drive to the beach.

You will never be bored when you live in this super convenient waterfront location - go boating, throw out a crab pot and fish all day, plus with this decent size block there's plenty of room for a pool and it's secure for the kids and pets to play.

Features include:
- Wide 22.5m (approx.)water frontage
- Large 762m2 land area
- East aspect to water
- 3 bedrooms
- 2 bathrooms (master with ensuite)
- Double garage with room for an extra 2 cars secured off street
- Brick and tile - perfect for renovating
- Close to Pacific Fair, Q Super Centre, Pizzey Park, parks, schools
- Live the waterfront lifestyle daily

With the recent introduction of a land tax surcharge for overseas investors, the owner has no option but to sell. So, buying this home at auction could be the greatest financial decision that you ever make. Don't let this opportunity pass you by as this could be Mermaid Water's best ever buy. Call Luke Henderson or Cindy Katene today to book your inspection.

Council Rates: approx. $3,517 p.a.
Water Rates: approx. $1,170 p.a.
Rental Income: Currently tenanted for $450 per week with a lease until May 2018


To view the property video, copy and paste the following link into your internet browser:

https://www.youtube.com/watch?v=CCkOZdB4YkQ

Due to State Government Legislative requirements, to bid at auction photographic ID is required for registration. The deposit is due to be paid immediately after the fall of the hammer on auction day unless other prior arrangements have been made.

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

Property Features

  • Close to Schools
  • Close to Shops

Property Video