Outstanding opportunity to acquire this unique highly exposed mixed-use 911m2 freehold property, comprising of 2 x Commercial retail shops & well cared for 3-bedroom Queenslander style residence, offering a total gross rental income in excess of $132K PA.
RESIDENCE:
- Spacious formal living w/ 2.8m high ceilings
- Kitchen w/ meals area
- 3 bedrooms w/ built in robes
- Double lock up garage plus full under home storage, home office area & w/ separate shower & WC
- Carport & security gate to property
- Low maintenance gardens w/ BBQ area
- Market rent in the vicinity of $900 per week = $46,800 PA
RETAIL SHOPS:
- 2 x high profiled air-conditioned retail shops w/ separate bathroom facilities & 6 covered car space
- Current rent $65,206 PA
ADDITIONAL PREMISES:
- Large flexible utility area w/ garage – could be leased separately @ $400 per week = $20,800 PA
DETAILS:
- Land size 911m2 (dual street frontage on the corner of Agnes St & Minjungbal Drive)
- Zoning R3 (Medium Residential – development to 13.6m high)
- Total projected gross rent $132,806 PA
- Rates $4,438 PA
- Water $600 PA (approx.)
- Insurance $10,770 PA
LOCATION:
This property is positioned on the corner of Agnes St & Minjungbal Drive, directly opposite the Tweed River on the main arterial that links the Southern Gold Coast / Coolangatta to the Tweed.
You will enjoy being within moments to Tweed City Shopping Centre & the Tweed Mall, as well as other major amenities such as local schools, the Tweed Heads & Coolangatta Golf Club, local Bowls Clubs & Twin Towns Services Club.
The new Tweed Valley Hospital located in Kingscliff is within 15 minutes and the Gold Coast International Airport as well as the Southern Cross University are less than 10 minutes.
World class surf beaches at Kirra, Coolangatta, Snapper Rocks, Rainbow Bay & Duranbah are around 2.6kms from the subject site.
AGENTS' COMMENTS:
A very special holding that has a strong & secure passing rental income for the astute investor, as well as scope to utilise the property personally in full or part thereof if so desired.
In addition, there are endless possibilities to re-develop ideal for boutique apartments with most commanding water views.
Please contact Greg Cook 0414 134 555 [email protected] or David Stringer 0418 150 731 [email protected] in the strictest confidence for further details and inspection.
Disclaimer:
All information contained herein is gathered from sources we believe to be reliable. DJ Stringer Property Services Pty Ltd and its staff will not be held responsible for any act or omission arising from the accuracy of such material. We cannot guarantee its accuracy and interested persons should rely on their own enquiries. Such enquiries should include, but in no way limited & directed, to your legal representative, any local authorities, the Contract of Sale and in the event of a Unit, Strata Title or Community Title, refer to the Body Corporate, Community Management Statement & Disclosure Statement for any information on the property, Common Property & Exclusive use areas, that may directly or indirectly affect this property.
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