The property is an entire block of 8 units on one title.

Constructed out of besser brick with a metal roof and a bitumen driveway the complex is neat and tidy, but could use some renovations.

Perched on a 2,021m2* block with a 23.6m* frontage and a 86m* side the block is generally flat.

The current zoning of the land is Low-Medium Density Residential – Apartment. This zoning is intended for multi-storey unit development up to 18 metres in height. This equates to approximately 6 storeys, depending on the roof type and internal ceiling heights.

In the surrounding area, there is a Mixed Use zone to the west, Apartment zoning to the east and south and Townhouse zoning to the north.

Each of the 8 × 2 bedroom units have one bathroom, spacious living / dining room, double carport, outdoor laundry and private rear courtyard.

Currently producing $108,825.60pa* the block has a safe multiple income stream that rarely has a vacancy.

This property would suit a variety of buyers including superannuation funds, developers, land bankers and renovators.

Please contact the listing agent for more details by clicking on the link above.

*Approx

Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.