The home where you get paid for doing nothing

first_img77-81 Beenleigh Redland Bay Road.An acreage property south of Brisbane has hit the market with a very unique advantage, an annual $50,000 pay cheque.And the best part is the owner does not have to do a thing to get the money.The 2.05ha property at 77-81 Beenleigh Redland Bay Road in Loganholme goes to auction next month, complete with a four-bedroom home, pool, shed and a mobile phone tower.The tall tower might not appeal to everyone, but for the owners it has meant a steady stream of income from the telcos over the last 20 years – and their phone reception is always at crystal clear.The tower is located behind a workshed.In November the owner of the property will get a cheque for just over $50,000 from the three telecommunication companies that use the tower.The payment started out at $15,500 when the tower was constructed, but has steadily increased in the subsequent years.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:02Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:02 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenAndrew Winter: How to flaunt your Unique Selling Point01:02AUSTRALIA’S BIGGEST BACKYARD WATERSLIDE1918 COTTAGE RESTORED TO FORMER GLORY GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HEREThe four-bedroom home has air-conditioning and solar panels.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus21 hours agoElders Shailer Park agent Simon Buchan said the tower, and the sizable revenue it generated, made it difficult to determine just how much the property was worth.“I even had a valuer out there and he said he didn’t even know where to start,” Mr Buchan said.The acreage property could be perfect for truckies or people with horses.Without the tower, he estimated the property would be worth under a million, but the addition of the tower it was very unique.For the current owners, a retired couple, the payments from the tower has easily surpassed the $140,000 they paid they originally paid for the property.There is no problem with phone reception at this property.“I would like to get that 50 grand in my bank account each year,” he said.Several groups had been through the property, and although the tower did not appeal to everyone, most people liked the idea of collecting a big cheque each 12 months.“And your mates will never get lost trying to find your place, you’ll just say follow the mobile tower,” he said.It also comes with a pool and a large shed with three phase power.The property will go under the hammer on Saturday, February 10 at 3pm.FOLLOW BARCLAY WHITE ON TWITTERlast_img

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