Situated in a prime beachside location just one block from the sand and surf at North Kirra beach, this property is in good condition and provides an exciting opportunity for the astute investor to acquire for their property portfolio or super fund.
The new owner could reap the rewards and benefit from all three income streams. Alternatively you could lease two units while utilising one unit or you could occupy as a large family compound.
- Entire block of 3 units on 1 title
- High demand rental properties
- Great self-managed super fund investment
- Rental return $1,610* p/week, no body corp
- Scope to achieve a higher yield
- Invest, occupy or scope to redevelop
- 506*m² block, prime beachside position
- Three levels inclusive of rooftop entertaining terrace
- Grassed and fully fenced secure yard
- Double lock up garage, all units have their own laundry
- GCCC Rates, $1,530.51 (1st Jan – 30th June 2016)
- Seller pays council rates, water and electricity
- Unit 1 – top floor 3 bedroom unit currently rents @ $460 per week
- Unit 2 – ground floor 2 bedroom unit currently rents @ $400 per week
- Unit 3 – top floor 4 bedroom ocean view unit currently rents @ $750 per week
- Information Memorandum available on request
Beachside Bilinga / North Kirra is a highly desirable coastal location on the Southern Gold Coast with easy access to public transport, local shops, Southern Cross University, Gold Coast Airport, M1 Motorway and many Gold Coast attractions. A casual stroll or short drive will bring you to Coolangatta and Kirra’s vibrant shopping and cafe precincts with world famous surfing beaches, first class dining, boutique shopping, licensed clubs and entertainment.
The property is classed under the Medium Density Residential zone code. Zoning RD 6 – which allows up to 5 levels for luxury development with 1 bedroom per 33sqm (subject to Gold Coast City Council / Town Planning approval ph 07 5582 8211).
The Seller’s instructions are clear this property will be sold!
Great buying on offer – Don’t miss out on this sensational Oceanside opportunity.
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