15 Douglas Street,
Kirra, QLD 4225

Make sure you are at the front of the line to acquire this mature block of 5 x 2br units aloft a prime 579m2 corner allotment, all within 200m to the golden sands of Kirra Beach.

KEY FEATURES :
- 579m2 allotment on northern corner of Douglas & Winston Sts
- 5 x 2br units over 2 levels
- Carports
- All units leased with annual gross income in excess of $60,000 PA
- Managed by DJ Stringer Property Services for over 10 years

STATS & ZONING :
- RD 5 = 1 bedroom per 50m2 of land = 11 bedrooms
- Height for re-development to 7 levels
- Amalgamation possibilities with neighbouring property
- Annual gross rent $60,060
- Annual council rates
$ 3,299
- Annual water rates
$
3,622
- Annual Insurance levy
$3,187
- Communal electricity
$32 per qtr
- Coin operated washing machine - no lease fee.

LOCATION :
- Brilliant Oceanside position right in the heart & soul of Kirra
- 50m to local shopping & cafes
- 200m to the beach
- 3 minutes to Coolangatta Airport & Southern Cross University

AGENTS COMMENTS :
If you are hunting a terrific investment property that offers a stable income stream with brilliant development upside then this property is a top choice.
There is no doubt that with the beachfront area almost developed that the Oceanside pockets are cherry ripe for new developments, which has been the case of 2 developments right opposite and others in parallel streets.
Together with its close proximity to Airport, University & world class beaches, Kirra still has so much more to offer for the astute investors.

LISTED AT $795,000