Great opportunity to buy 4 flats without strata title on a B4 mixed commercial & residential zoned 540m2 block of land, in the centre of Kingscliff.
Zoning allows you to build to your boundaries, with basement parking and three stories above ground level able to be mixed commercial and residential.
Building is solid and features a new iron roof and gutters, separate electricity metering and there are 4 car parks at rear accessed off back lane way & one at the front.
Unit 1- Renovated, repainted, polished floors, modern kitchen, 2 bedrooms plus separate lounge room or third bedroom. Rented for $335 per week
Unit 2- Original condition - currently advertised for $280 per week.
Unit 3- Renovated, repainted, new carpets recently, 2 bedrooms, sun room plus massive lounge room. Returns $310 per week
Unit 4- Repainted and re carpeted. Returns $260 per week
Total rent per week = $1185 per week
Potential to convert to commercial premises due to shortage of large commercial properties for lease in Kingscliff.
Building total floor area is approx 308 m2 - Block is 540m2
For further information contact listing agent Julian Cleak 0400 617 494
Close to Transport
Close to Shops
Close to Schools