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1 Merloo Drive, Nerang

Dual Income Investment! - Clearwater, Qld

5 car spaces
944 m2
Please Contact Agents for pricing
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Description

This property located in the very popular suburb of Clearwater is for sale.

Located 4km approx. from its nearest competitor the tenants have a captured market.

Features include:-

• 944sqm of land on a corner block.
• Building 279sqm
• Mixture of business and residential Income
• General store downstairs
• 3 Bedroom residence upstairs
• The property has always been tenanted since it was built 35 years ago.
• Tenant lease has an option for a further 3 years from May 2025.
• Current net rental $49,170 approx as at 27/3/2024
• Ideal future development site (subject to Council approvals).

Please note this is a land and buildings transaction only. The business is not for sale.

For further Information or viewing please contact

Steve O'Connell 0455 044 813
Jo Bailey - Green 0483 824 696
Keith Twist 0416 269 753

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Property Location