DJ Stringer is proud to offer this sensational opportunity for the fortunate purchaser to acquire a piece of history and in doing so a slice of prime Rainbow Bay property. Property details : Tidy block of 5 holiday style flats comprising 4 x 2br's + 1 x 3br that fully leased can return in excess of $80,000 pa. ( rates approx $10k pa ) You have the freedom of leasing 4 units for holiday rentals ( as furnished ) or permanent and enjoying residing in the upper 3br unit which offers a lazy terrace with ocean views , or leasing all 5 - the choice is simply yours. The prime 405m2 allotment is proudly perched on the corner of Ward st boasting a wide 32m frontage and Boundary st with a 12.7m frontage. Zoning : Coolangatta Local Area Plan - precinct 2 - RD 7 ( ie 1br per 25m2 of land area = 16 bedrooms ) - height limitation up to 10 levels The opportunities are endless for investment return , owner occupation for personal use and steady return and or future development. Location : Superb Rainbow beachside position , 100m to one of the best surf and recreational beaches in the world including your choice of world class surf breaks of Snapper , Greenmount and D-Bah within walking distance. Coolangatta CBD is just down the road and minutes to major Tweed shopping , airport , golf and bowls etc. Agents advice : Make no mistake purchasing this property will enhance your investment portfolio & lifestyle options . The price has been set by motivated seller and would be ideal for private investors , combined family purchase or syndicate of small investors. Priced to sell over the festive season at $1,375,00
