• High-profile Corner Positioning in the Heart of Salt Village
• Fully Tenanted, 812m2* site
• Net Income: $255,200 p.a + GST
• 250m to Patrolled Salt Beach
• $870,000* of Extensive Renovations Completed
Situated in one of the fastest growing precincts on the Eastern-coast, this newly renovated, high-profile investment opportunity is now available to purchase for the first time in 10 years.
The key investment features of this centrally located Salt Village opportunity are as follows:
The Gym At Salt (Tenancy 1)
• 415m2*
• Leased until September 2025 (option to renew 5 + 5 years)
• Gross rent: $120,000 p.a
• Fixed 3% Annual Rent Increase
The Spa At Salt (Tenancy 2)
• 387m2*
• Leased until January 2028 (option to renew 7 + 7 years)
• Gross rent: $170,000 p.a
• Fixed 3% Annual Rent Increase
Total Net Income: $255,200 p.a + GST
* Located adjacent to Salt Village's major accommodation, retail and fine dining precinct
* Modern, recently renovated two-storey building within Kingscliff/Salt's residential core, just a minutes walk to patrolled Salt Beach
* 26 allocated secure basement car parks plus ample public parking
* 812m2* site with future development upside (STCA)
Other relevant planning considerations include:-
* Building Height Permissible: 13.6m
* Floor Space Ratio Permissible: 2:1 FSR permitted (equates to 1624m2 of permissible GFA)
Please call BODEY REYNOLDSON on 0437 331 003 for a detailed Information Memorandum package.
~ This relaxed blue-chip location speaks for itself with close proximity to both Salt and Casuarina Villages, an array of sophisticated dining options, direct access to walking paths and bike tracks stretching along the entire coastline and pristine patrolled beaches right at your doorstep ~
< 2KM TO $723.3M UNDER CONSTRUCTION TWEED VALLEY HOSPITAL
5 MINUTES TO THE PACIFIC MOTORWAY
15 MINUTES TO COOLANGATTA DOMESTIC / INTERNATIONAL AIRPORT
30 MINUTES TO ROBINA TOWN CENTRE
35 MINUTES TO BYRON BAY
