37 Beryl Street TWEED HEADS NSW

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