433-434/38 Mahogany Drive Pelican Waters, QLD 4551

Sold for $300,000 on 23 Feb 2017
  • 2 Beds
  • 2 Baths
  • 1 Car

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Unit in Pelican Waters

4th Floor Dual Key Positive Cashflow Investment

  • 2 Beds
  • 2 Baths
  • 1 Car

Located on level 4 of the 'Sebel Resort Pelican Waters' overlooking the fairway of the golf course is this quality, fully self contained dual key apartment. There are two generous sized bedrooms with built in robes and ducted air conditioning. The living areas open onto large balconies both with magnificent views.

Endless opportunities are on offer with this dual key apartment - currently generating consistent income the one bedroom unit is permanently rented in a long term tenancy agreement; while there is the option to keep the other unit as a weekender or rent it out in the hotel short term letting pool to generate two income avenues.

'Sebel Resort Pelican Waters' is a well-managed 4 star resort in a superb location with breathtaking views of the Glasshouse Mountains, the Greg Norman designed championship Golf Course, Pelican Waters Golf Club. and the seaside city of Caloundra and the Pacific Ocean. This sought after dual key apartment at the Sebel Resort at Pelican Waters is sure to impress the most astute investor or owner occupier.

Genuine offers considered. Call to book an inspection at this price it won't last long!

  • Positive cashflow - investors dream
  • 1 Bed self contained studio with spa and laundry (residential tenancy agreement in place $290/wk)
  • 2 Bed hotel style room with ensuite (residential tenancy agreement in place $250/wk)
  • Fully furnished
  • Consistent income generated from a permanent tenant.
  • Solid returns and high occupancy rate opportunity if let through hotel holiday pool
  • Resort reception and on-site dining
  • Pool, day spa and gym facilities
  • Air Conditioning
  • Built-In Wardrobes
  • Formal Lounge
  • Pool
  • Terrace/Balcony



1 garage space






Pelican Waters

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