Net Income $288,000* p.a. with a 3% increase;
Leased until December 2028 with 2 x 5 year options;
Comprising 10 fully separate strata titled units;
Demolition clause in place for future development;
Zoning for the property is Residential D - high density residential / unlimited height;
Land area 1,016*m2 with 36*m of street frontage.
26-28 Peninsular Drive, Surfers Paradise