50 Coolangatta Road

Unique opportunity to acquire this complex of 9 x Strata Titled 2-bedroom units, anchored on a prime 1012m2 allotment, with 2 street frontages and within 500m to the Kirra beach. KEY DETAILS: 9 x 2-bedroom strata titled walk up units over 3 levels, each with 1 bathroom, balcony & most have tandem parking (apart from unit 1 that has a lock up garage, and units 4 & 5 that have single spaces) Land size 1012m2 2 street frontages (Coolangatta Rd & Bolton St) Zoned Medium Density Residential Lots 1-9 BUP 8939 Body corporate is set up but not operating due to the one proprietor for all 9 Lots FINANCIALS: - Rates $2708.39 (per unit, per half year) - Water rates $403.76 (per unit, per quarter year) - Market rent in the vicinity of $600 + per week (per unit) x 9 units = $280,800 Gross / PA LOCATION: This tidy complex is positioned on Coolangatta Rd and offers vehicle access from Bolton St. at the rear. Within a flat 500m stroll, you can enjoy a myriad of dining and retail options scattered along Kirra's esplanade, with major shopping just around the point at Coolangatta. For surfers and beach lovers, you can have your toes in the sand within a moment's notice and carving up world class breaks at Kirra Point, Snapper, Greenmount & D-Bah which are all close by. The Gold Coast Airport & Southern Cross Uni are within walk distance. AGENTS COMMENTS: This is indeed a very rare commodity to acquire an establishment of 9 residential units. Some of the units have had some minor cosmetic improvements, such as flooring, fresh paint, fans & window furnishings, however others are in need at some stage, that will only increase the rental return & future sale potential. This property would be a worthy addition to any investment portfolio including Super Fund as well as offering re-development options & scope to add value for future individual sale, if so desired. * Please note that the images are only a selection of some of the units and does not truly reflect the overall condition of other units within the complex. 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.