6 Simpson Street, Kirra QLD 4225

An opportunity to acquire a block of 5 factories with 100% occupancy is now available in Kirra.

The site is 1012sqm comprising of 5 factories all with long standing tenancies - some spanning 20+ years. It has also been recently rezoned to Medium Density Residential - (RD5) which allows 1 bedroom per 50 sqm for this site.

FURTHER ATTRIBUTES
- Future development potential (medium density residential zoning)
- Low maintenance & low outgoings
- Multi tenant investment ( currently 5 tenancies)
- Strong income return
- RD5 GCCC Zoning (15m height limit)
* Build 10 x 2 bed townhouses or 6 x freehold properties

Positioned in an ideal location being less than 1km to the Gold Coast Airport 3km to the M1, Kirra Beachfront, Coolangatta township, all current businesses are thriving with local trade.

INCOME INFORMATION
Factory 1 (248sqm) - Monthly rent $1,728.90
Factory 2 (93sqm) - Monthly rent $ 758.33
Factory 3 (93sqm) - Monthly rent $ 700.00
Factory 4 (93sqm) - Monthly rent $ 953.33
Factory 5 ( 212sqm) - Monthly rent $1,386.67

Annual Income (739sqm) : $66,326.76


To be sold on or before December 14th 2016.