strategic kirra beachside site with holding income and upside

strategic kirra beachside site with holding income and upside


March 2020
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Strategic Kirra Beachside Site with Holding Income and Upside

The team from Ray White Commercial have recently come to the market with a new highly prized property just 200 metres from Kirra Beach. With recent improvements providing strong holding income, and a number of development outcomes also possible, this highly desirable Gold Coast plot of land is a strategic investment suiting multiple uses.

Holding address at 9-11 Miles Street in Coolangatta, this opportunity is made available via Offers to Purchase, with Ray White Commercial GC South’s Brad Duncalfe and Sam Riley accepting proposals until Thursday 2 April 2020. Enquire today to arrange an inspection or to receive further information.

“This large 1,016sqm property ticks all the boxes for sound investors and creative developers,” Mr Duncalfe attested.

“On the investment side, Miles Street presents recent improvements of six modern beach villas located within the vibrant Kirra beachside returning strong holding income to the new owners.

 “On the development side, the property is zoned Medium Density Residential, allowing for a spectrum of alternate configurations and land use. There also exists strong landbank credentials."


Located just a stone’s throw from the world famous Kirra Surf Beach, and surrounded by cafes, restaurants and shops, the site offers a lifestyle many can only dream of.

Coolangatta itself has gained significant popularity in recent years, with local and interstate migration fuelling this booming property market. From 9-11 Miles Street, residents have easy access to the Gold Coast Airport, Southern Cross University, the Strand Shopping Centre and most importantly the many picturesque stretches of beach that line the Pacific coast.
 

Summary:

  • Land size 1,016sqm
  • 200 metres to Kirra Beach
  • Zone: Medium Density Residential
  • Frontage: 28.6m*
  • Currently improved with six modern beach villas
  • Substantial holding income

 *Please note that all financials, measurements and distances quoted are approximate only.

9-11 Miles Street, Coolangatta, QLD, 4225 is offered for sale via Offers to Purchase, closing Thursday 2 April 2020.

Enquire today to receive further detailed information.
Please contact the Ray White Commercial GC South team and mention Development Ready.
Brad Duncalfe: +61 419 641 058
Sam Riley: +61 409 490 581

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