1/4 ACRE SITE ON KIRRA HILL WITH 8 FLATS!
Brilliant opportunity to acquire this ( 2 lot ) superb 1014m2 elevated allotment perched on the exclusive upper section of Kirra Hill, 100m from Kirra’s famous iron sculptured eagle that stands summoning Kirra’s waves.

DETAILS :

-2 separate lots known as 10 & 12 Garrick St Coolangatta

-Total land size 1014m2 ( dimensions 20m x 50.7m )

-Zoning, Kirra Precinct allowing 5 levels with an RD 7 density of up to 40 bedrooms

-Rates are approximately $6,000 pa & water $4,000

-Unimproved land value is assessed for rating purposes at $940,000

-Current flat configuration is 7 x 2 bedrooms & 1 x 1 bedroom

-Current rental is $93,080 / Market Rent $106,600
( could be much higher with improvements – the demand for rental is at boiling point ! )

LOCATION :

Kirra Hill Coolangatta offers majestic ocean & coastal views to Surfers Paradise & Stradbroke Island to the North and to Byron Bay to the South

This property offers limited ocean views, more town ship & it’s really about the idyllic location.

Coolangatta offers a smorgasbord of retail, dining & major shopping within a moments stroll.

On the Kirra side you can enjoy the Surf Club, hotel ( soon to be developed into a luxurious Residential & Commercial complex ) as well as cool local cafe’s & shopping.

Gold Coast Airport & Southern Cross University are both within (5) minutes , as too Tweed & John Flynn Hospitals.

Surfers can check out the swells from Kirra Hill & walk or ride to their chosen breaks within minutes.

AGENTS COMMENTS :

A truly historical piece of pure Coolangatta Gold that is sure to appeal to a broad range of astute buyers.

Ideal for strategic rental investment & strengthened by cherry ripe development potential.