The home where you get paid for doing nothing
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.
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.
Elders 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.
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.
"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 check 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.