7 Kitchener Street, Tugun QLD 4224

UNDER CONTRACT

Invest in this solid unit block in popular Tugun, walking distance to the shops, trendy cafe's and the beach.

First time on offer since 2001. Great opportunity for investors and developers. Renovate or redevelop (subject to council approval). Situated on a 493 sqm level block with 3 x 2 bedroom, 1 bathroom apartments. Good rental return from $320 - $370 a week for each. Two top floor units and one ground level. One of the top floor units has been updated with a new kitchen and flooring, the other two are in original condition ready to add your ideas and style.

A short walk to the CBD, trendy cafe's, surf club and beach. Close to the John Flynn Hospital and Coolangatta airport.

Features:>

* Block of 3 Units with Good Rental Returns
* 3 x 2 Bedroom, 1 Bathroom Units
* Double Garage with outside Parking
* Spacious Inside, Veranda, Ceiling Fans, Security Screens
* Level 493 sqm Block
* Development Opportunity (Subject to Council Approval)
* Medium Density Residential
* Next to the Park, No Neighbour on One Side
* All Units are on One Title
* Walking Distance to Tugun Beach, Trendy Cafe's, Shops & Surf Club
* Short 5 Minute Drive to John Flynn Hospital & Coolangatta Airport

Outgoings:

Building & Contents Insurance approximately $5,500 PA.
Rates & Water approximately $5,000 PA.