This is a very unique investment opportunity with an amazing $38,750 rental return per annum. Situated close to the sandy Scarborough beach with great water views from the top floor, this professionally renovated Queenslander has been converted into three separately rented properties. Upstairs there is a three bedroom, one lounge room, one bathroom, one kitchen, unit with polished timber floors and massive verandas catching the lovely sea breezes. Downstairs there are two self contained units. One is a three bedroom, one bathroom, one lounge and the other is a one bedroom, one bathroom all tiled for easy maintenance. All the bedrooms have built-ins wardrobes and are presently tenanted. A large double size 810m2 block on two titles can be easily developed and is rarely available on the market in this prestigious area. This property is truly options galore and can be a great part of your superannuation strategy. Three self contained units Great rental return Excellent investment opportunity Development potential Water views Double block on two titles Professionally renovated Queenslander Plenty of parking Ceiling fans No body corporate fees