15 Douglas Street KIRRA QLD

Make sure you are at the front of the line to acquire this mature block of 5 x 2br units aloft a prime 579m2 corner allotment, all within 200m to the golden sands of Kirra Beach. KEY FEATURES : - 579m2 allotment on northern corner of Douglas & Winston Sts - 5 x 2br units over 2 levels - Carports - All units leased with annual gross income in excess of $60,000 PA - Managed by DJ Stringer Property Services for over 10 years STATS & ZONING : - RD 5 = 1 bedroom per 50m2 of land = 11 bedrooms - Height for re-development to 7 levels - Amalgamation possibilities with neighbouring property - Annual gross rent $60,060 - Annual council rates $ 3,299 - Annual water rates $ 3,622 - Annual Insurance levy $3,187 - Communal electricity $32 per qtr - Coin operated washing machine - no lease fee. LOCATION : - Brilliant Oceanside position right in the heart & soul of Kirra - 50m to local shopping & cafes - 200m to the beach - 3 minutes to Coolangatta Airport & Southern Cross University AGENTS COMMENTS : If you are hunting a terrific investment property that offers a stable income stream with brilliant development upside then this property is a top choice. There is no doubt that with the beachfront area almost developed that the Oceanside pockets are cherry ripe for new developments, which has been the case of 2 developments right opposite and others in parallel streets. Together with its close proximity to Airport, University & world class beaches, Kirra still has so much more to offer for the astute investors. LISTED AT $795,000