This property represents an unrivalled buying opportunity in the lifestyle capital of South East Queensland! Offering outstanding rental income in an extremely elevated position this charming Queenslander promises to provide you with exceptional capital growth and high returns. The expansive dwelling features double street frontage while possessing five separate units with four currently rented and fifth occupied by the owner. Occupying a 675sqm corner allotment, the future potential for this property is endless and includes restoring the property to an owner occupied residence. Immaculate gardens and palms add a warmth and charm to the property. In typical Queenslander design, this home has classical features and has been partially renovated for the comfort of the occupants. The property can easily be reconfigured to provide a large family home upstairs whilst still retaining two income producing units downstairs. All units are spacious and have private entrances allowing for true independent living. Each is separately metered for electricity. Plus there's ample parking off the street for multiple vehicles. The property is currently returning $1,135.00 per week with the potential for in excess of $1500 per week. Unit One: - 1 bedroom Unit Two: - 2 bedrooms Unit Three: - 1 bedroom - Solar Unit Four: - 1 bedroom Unit Five: - 2 bedrooms The large backyard offers numerous spaces for outdoor enjoyment including a courtyard/terrace plus a workshop/storage shed. Located in the Blue Chip Bayside suburb of Manly which is just 15km to the Brisbane CBD, this is an idyllic spot for couples, professionals, families and retirees. It is close to a vast array of amenities, plenty of parks, local public and private schools, pubs, shopping centers, city bus stops, Manly Train Station and walking distance to Manly Harbour Village which houses many cafes and boutiques. This property offers an exciting prospect suited to investors, owner occupiers and renovators to explore all the options and capitalise on this prime position in majestic Manly. For further information please contact Scott Kelleher