Super investment opportunity with development appeal - gross market rental of approx $89k PA. Brilliant opportunity to increase your investment portfolio with this entire complex of 8 units aloft a prime 1012m2 Oceanside allotment. KEY FEATURES - 6 x 1br + 2 x 2br units (8 in total) - Solid brick low maintenance complex - Well balanced income stream of approx $75,000 gross per annum (can be increased with basic enhancement) - Superb 1012m2 flat allotment (20m frontage x 50m depth) on 2 titles - Only 150m to the surf ZONING - Residential Domain (RD 6) allowing up to 5 levels & 30 bedrooms LOCATION This property is ideally situated at the Southern (Kirra) end of Golden Four Dve, directly opposite Gold Coast Coolangatta Airport and the new Southern Cross University, which opened in 2010 & will further expand with an additional 10 campus level building this year. In addition to these 2 major landmarks this property is just around the corner to Nth Kirra Surf Club & patrolled beach and a few minutes stroll to Kirra's retail precinct. AGENTS COMMENTS This property meets all investment requirements in our opinion. Well positioned, steady income stream, cherry ripe development options and priced to meet today's market. Ideal set up for investors and developers that may wish to land bank during a DA process. With the expansion of the Uni just across the road, which is a tailor made tenancy source, the ever populated Coolangatta Airport earmarked to expand into mining districts, low maintenance establishment & local management to allow you complete peace of mind, this property has easily joined our ' A-List ' and should now join yours. Well listed was $1,495,000 - NOW $1,350,000
