9/24 Pandanus Drive, Cannonvale QLD 4802

Ground-floor unit | resort-style complex | short-term letting approved | tropical setting | renovation potential This ground-floor unit in a resort-style complex presents a competitively priced entry into the Cannonvale holiday market. Its approval for short-term letting is a direct revenue mechanism, capitalizing on strong tourist demand near Airlie Beach. The ground-floor position and flexible layout offer practical appeal for both holiday tenants and cost-effective updates, serving investors seeking yield or buyers wanting a versatile coastal base. The primary risk is the unit’s smaller configuration and older build against newer, larger stock, which may pressure long-term capital growth relative to the suburb. However, the low entry price and renovation scope provide a clear value-add opportunity. Acquire this as a hold for rental income, with strategic updates to enhance its competitive position in the holiday rental pool. Recent comparable sale: – This property (2 bed, 1 bath): Sold July 2024 for $275,100. The July 2024 sale price establishes a concrete, recent benchmark, indicating this unit trades at a significant discount to broader suburb estimates, reflecting its basic configuration. This provides a clear value foundation for an investor-led strategy.