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Contract Collapsed - Block of 4 Flats in Kingscliff

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Description

PRICE REDUCED! VENDOR MOTIVATED TO MEET THE MARKET!
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 on main building, separate electricity metering and there are 4 car parks at rear accessed off back lane way & one at the front.

Property details
Unit 1- Renovated, repainted, polished floors, modern kitchen, 2 bedrooms plus separate lounge room or third bedroom. Rented for $420 per week lease expires 14/03/19

Unit 2- Original condition - Rented for $280 per week. lease on continuation.

Unit 3- Renovated, repainted, new carpets recently, 2 bedrooms, sun room plus massive lounge room. Returns $310 per week Lease on continuation.

Unit 4- Repainted and re carpeted. Returns $260 per week lease on continuation.

Total rent per week = $1270 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

This property is tenanted so we require a minimum 48 hours' notice to inspect and can't show it Sundays due to legislation.

For further information contact listing agent Julian Cleak 0400 617 494

Whilst the information contained in this report is believed to be accurate and reliable, Kingscliff Sales and Rentals does not guarantee or warrant the accuracy, reliability, completeness, currency or usefulness of the information and is not responsible for or liable in respect of any loss, damage, cost or expense suffered as a result of reliance on that information by any person.

Features

Built-In Wardrobes

Close to Transport

Close to Shops

Close to Schools

Contact

Julian Cleak

Julian Cleak

0400617494

Email