28/24 Pandanus Drive Cannonvale QLD 4802

Ground-floor unit in resort complex | 102m² floorplan with private patio | Tenanted until September with $610/week rent | Whitsunday lifestyle location near shops and schools This unit competes on configuration and positioning. The ground-floor layout with a private patio opening directly onto the lagoon pool and gardens is rare in a resort complex, offering a lifestyle edge that appeals to both owner-occupiers seeking low-maintenance coastal living and investors targeting the holiday-let or long-term rental market. The 102m² floor area is generous for a two-bedroom unit, and the built-in robes, air conditioning, and internal laundry reduce the need for buyer upgrades. The tenancy until September provides immediate income, which reduces holding costs during settlement. For a buyer, the key strength is the combination of a functional floorplan, resort amenities, and a location within walking distance to Cannonvale’s shops and schools — this limits vacancy risk and supports rental demand. The principal risk is the purchase price relative to the last sale of $237,500 in 2022, which suggests significant capital growth has already occurred. Current estimates vary widely, from $375,000 to $473,000, indicating market uncertainty and potential overpricing if the seller seeks the higher end. The unit is part of a strata complex, so body corporate fees and any upcoming special levies should be confirmed. The absence of scheduled open homes may limit buyer competition, but it also signals a motivated seller. The opportunity lies in negotiating below the upper estimate, especially given the tenant’s lease end in September, which allows for a vacancy to reposition the property for owner-occupation or higher-yield short-term letting. Hold this unit for steady rental income or as a lifestyle purchase; capital growth will depend on Whitsunday market conditions and complex management quality.