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BARGARA QLD 4670

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$2,000,001 (GST ex)

Development / Land
Land size:
2024 sq.m
Property ID:
327554

Main content:

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Waterfront DA approved site. 5 storey, 21 unit development in Bargara with current income stream.

 
2024 m2 block situated two blocks north of the Bargara CBD and popular Bargara Hotel, shops and restaurants. 500m south of patrolled Nelson Beach and surf club & within a kilometre of a newly built Woolworths shopping complex.  
 
DA approval for 21 x three bedroom units. The building is designed by award winning PCA Architects. The application was lodged under the superseded town plan, so has the advantage of being approved to five storeys on The Esplanade. New applications under the existing town plan are restricted to three storeys.  
A further advantage under the superseded plan is that no head works are payable on the development.  
 
Income from Site: The site consists of a motel on the front block and block of 5 units at the rear. It is currently leased and returning approx $86,000 pa.  
 
Secure your future & contact me now for further details.  
 
If you would like further information please contact me anytime...  
Ph: 07 5522 0373 / 0425 254941.  
Email: giles@aspirecommercial.com.au  
Web: www.aspirecommercial.com.au  

Summary

Land Area
2,024 m²
Occupancy
leased investment

Sale Information

Sale Price
$2,000,001 (GST ex)

Lease Information

Rental (p/a)
$86,000 (GST ex)
Outgoings Paid By
tenant
Lease Starts
04/2006
Lease Ends
04/2011
Lease Term
5 yrs
Options
1 x 5 years

More information

Website: www.lowingbushe.com.au