1 Burra Street, Surfers Paradise, Qld 4217

POTENTIAL DEVELOPMENT SITE  (10 Levels Subject to DA Approval) OR LAND BANK WITH GREAT RETURNS
 
The rare block of flats are situated on the desirable location of Chevron Island, located on the corner of Burra Street and Stanhill Drive, the diverse opportunity will allow the flexibility to keep and rent the apartments or hold and develop in the future.
 
Conveniently located to the Chevron Island shopping precinct or take a short stroll over the foot bridge which leads you to HOTA Theatre/Art Gallery/Farmers Markets. Major schools are a short drive away.

The low maintenance complex offers  the spacious units each with a single lock-up garage/storage and only minutes walk to patrolled beaches, light rail and public transport.

The block of units comprise of the following;
 
Unit 1 – 1 bed, 1 bath, 1 lock up garage - $490pw.
Unit 2 – 2 bed, 1 bath, 1 lock up garage - $540pw.
Unit 3 – 2 bed, 1 bath, 1 lock up garage - $590pw.
Unit 4 – 1 bed, 1 bath, 1 lock up garage - $450pw.
Unit 5 – 2 bed, 1 bath, 1 lock up garage - $540pw.
Approximately - $135,750pa
 
Condition – Neat original condition
 
Set on a large 578sqm corner block with wide street frontage .
Blue Chip Investment for future development. Strong holding income that would suit investors or super funds.

For further information or an Inspection please call Trent Scott on 0417 773 597, Colin Scott 0411 743 543 OR Luke Cook 0410 952 088.