This is a rare opportunity to acquire a high powered positively geared investment property.

Superb opportunity to diversify & or add to your investment portfolio with this stylish ‘Queenslander’ residence fully modernised and rented for over $53,000 Nett Per Annum.

KEY FEATURES:

- Beautifully restored main residence with stain glass windows & ornate fretwork
- All health requirements associated with the fit out for the tenancy
- Fully air-conditioned
- Extensive under house & lockable storage areas
- Rear car park to accommodate approximately
8-10 vehicles

TENANCY PARTICULARS:

- Dental Practice
- Lease commenced 1st April 2011 & expiring on 31/3/2016
- Current base rental $53,634.54 PA + GST + Outgoings
- All outgoings payable by the tenant
- Options to renew for 2 x 5 year terms (2016-2021 + 2021-2026)
- Annual rental reviews CPI (market rent at year 1 of each option)

PROPERTY PARTICULARS:

-
Land Area: 594.40 Sqm (Dimensions: 15.09m X40.23m)
-
Residential property with a right of use for Medical & falls within the Zoned (3b ) general business district / also allowable for future Multi Dwelling

LOCATION:

Beryl Street is a strong residential area slowly becoming a magnet for professional & medical practitioners alike.

It is moments to Coolangatta / Tweed & virtually opposite the popular Greenbank district , which is home to Jack Evans Boat Harbour , Twin Towns, Council office , Tweed Bowls & the Tweed Hospital , all just a mere 500m as the crow fly’s.

In addition, Coolangatta Airport & Southern Cross University are both within (5) minutes with John Flynn Hospital another (5) minutes to the North.

Popular beaches at D-bah, Snapper , Rainbow , Greenmount & Kirra are all within a few minutes to Tweed CBD.
AGENTS COMMENTS:

Whether you are passive residential property investor, seasoned Commercial guru or hunting something positive for your Super Fund , this property is a perfect choice.

Tell your bank manager you have found a property that is positively geared earning close to 9% Nett P/A , I bet he won’t believe you until you show him the Contract !

Be quick to act as this property will not last long and is priced to sell prior to Christmas.

INTEREST AROUND $600,000