Wonderful opportunity to acquire a prime 1214m2 corner development site, comprising an original (3) bedroom cottage & (2) vintage flats.
Zoned R3 Medium Density Residential, the site will permit development height to 34m & is ideal for boutique apartments or perhaps town-homes.
26 RECREATION ST:
- Lot 1 DP 360543
- Original (3) bedroom cottage with timber flooring, (1) bathroom and garage / leased at $400 per week
- Rates $3725.30 per annum
- Water $78.52 per quarter
1 BRETT ST:
- Lot 2 DP 360543
- 2 X (2) bedroom vintage flats, each with 1 bathroom, timber floors and shared huge 15m x 6m shed /
leased at $285 per week each ($570 per week)
- Rates $4116.80 per annum
- Water $181.20 per quarter
This holding is located on the corner of Recreation & Brett St, directly opposite local sporting fields & native park lands, which is home to the Tweed PCYC Sports Centre.
You are virtually on the cusp of Coolangatta & Tweed, which allows you to enjoy major shopping and a mouth-watering smorgasbord of cafe's at a moment's notice.
In addition, you are within minutes to the Tweed Hospital, Bowls & Golf clubs, as well as the Gold Coast's world class beaches, Southern Cross University and the Airport.
Providing a gross holding income of over $50k per annum, there is scope to increase return by enhancement or simply sit back and earn a steady rate of return whilst deciding on future development options.
Comprising of (2) individual Lots & separate Titles, these properties would also appeal to a range of astute individual purchasers, investors, family syndicates & or super funds.
If you are thinking of developing the site, DJ Stringer is the leading Project Marketing Agent and can assist with all advice from design & planning right through to marketing & settlement of each apartment.
There is a growing demand for quality boutique apartments and this site is a perfect fit.
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.