73 Coolangatta Rd, Coolangatta QLD 4225, Australia

Outstanding opportunity to acquire a complete block of (4) x (2) bedroom units on (1) title, boasting (2) street frontages, aloft a prime 546m2 allotment, within 250m to the beach.

KEY FEATURES:

– Currently leased (4) x (2) bedroom units (returning $81,640 PA gross Income) on (1) title

– 546m2 allotment (18m frontage approx.)

– Zoned Medium Density RD5 / height up to (5) levels (23m)

– 2 street access (Coolangatta Rd & South St)

– 250m to the beach & (5) minute flat walk to Kirra’s café precinct

– Ideal re-development options for boutique apartments

FINANCIALS:

Gross income – $81,640 PA (scope to increase substantially with cosmetic improvements)

Rates – $2,948.69 per half year (if paid by due date)

Water Rates – $586.83 per quarter year

LOCATION:

This idyllic seaside property is conveniently located on Coolangatta Rd, however, has the added benefit of a second frontage facing South St, which is a quiet cul-de-sac tucked in behind Kirra Surf.

The thriving hub of Kirra offers a smorgasbord of cool café’s & retail and is a (5) minute stroll, with major shopping found just around the Point at Coolangatta.

For Surfers and beach lovers, famous breaks such as Kirra, Snapper, Greenmount & D-bah are all within (5-7) minutes or faster by push bike.

The Gold Coast International Airport & Southern Cross Uni are less than a (15) minute walk.