Considering adding an entire unit complex to ‘ Super Charge ‘ your investment portfolio or perhaps a Boutique Development Site ?
This exceptional holding, with (2 ) street frontage comprises of (5) units all on one title & is aloft a prime 683m2 elevated allotment with ocean views.
In fact, if re-development is what you are looking for, a Development Application has been lodged and is currently under review by local Council.
The configuration is (2) x (1) bedroom unit & (3) x (2) bedroom units with a gross income of $1,130 per week / $58,760 per annum.
All units are in tidy condition have timber flooring and balconies,
with (3) units having lock up garages, the rear unit also boasts terrific ocean views.
DETAILS :
- Annual rates $4,400 pa
- Water rates
$1,390 pa
- Common power $750 per 1/4 ( for communal hot water only )
- Annual rental $58,760 PA
LAND DETAILS :
- Prime 683m2 allotment ( 17.09m x 40.23m )
- Two Street Frontage being Sutherland St & Hungerford Lane at the rear ( Oceanside )
- Zoning 2b medium density residential
DEVELOPMENT APPROVAL – PENDING :
The seller has lodged a Development Application ( DA ) with full working Architectural plans & drawings for a stylish Boutique Complex which comprises (6 ) x (2) bedroom dual level apartments & (2) x (3) bedroom upper apartments – further details available upon request.
LOCATION :
This property is perched hill on the Eastern side of Kingscliff directly opposite the Kingscliff Primary School, Kingscliff High & St Anthony’s are also close by.
Stroll North down Sutherland St and you will immerse yourself onto a smorgasbord of retail, cosmopolitan cafe’s & dining options right on the beachfront esplanade as well as the Surf Club.
Kingscliff Village Shopping Centre anchored by Woolworths is also just down the road on Pearl St.
Additional major Shopping can also be found at Tweed City which is less than 10 minutes away.
To the South over the creek you will arrive at Salt Village which has an exciting array of shops / cafe’s, Salt Bar & Amphitheatre.
Surfers and beach lovers you will enjoy miles of uncrowded beach breaks moments from you front door.
Coolangatta Airport is a mere 20 minutes to the North & Byron Bay just 30 minutes to the South.
AGENTS COMMENTS :
Terrific investment with re-development potential ( currently lodged & pending ). If this is your quest then the hard work & DA has been done, saving you time and considerable cost ! or you could re-configure to suit your building flair.
Alternatively, you can sit back & collect the rent, syndicate with family or move your kids into their own beach pad at a fraction of what it would usually cost for a standard unit in this region.