FOR SALE
Under Contract

5 Haig Street
Coolangatta QLD 4225

Bedrooms: 17
Bathrooms: 9
Car spaces: 10
Land area: 1012m2
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Under Contract - Landmark beachside development block in the heart of Kirra village

Less than 150 metres to the sands of Kirra Beach, and only 50 metres to Kirra Village restaurant, cafe & shopping precinct this ultra-rare offering presents an unmatched opportunity to acquire 1012m2 of prime beachside development land. This prime parcel comprises an existing complex of 8 apartments generating lucrative annual income returns. Offering exciting scope for developers to re-develop (STCA) or investors to improve and landbank , this is a rare and an unrivalled opportunity in one of the Southern Gold Coast's most in-demand locales.
- 1,012m2 of exclusive beachside land just a 2 minute stroll to Kirra Beach
- Metres to Musgrave Street's vibrant array of shops, cafes and restaurants
- Existing complex of 8 apartments (7 x 2 bedroom, 1 x 3 bedroom)
- Current gross rental income approx. $210,000 p/a with scope to improve
- Prime development opportunity to re-develop.
- Code assessable maximum building height of 29 metres STCA
- Impact assessable potential to increase height STCA
- Attractive offering for investors to landbank and receive rental income
- There is high demand for new apartments in Kirra and the Southern GC
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Property Details for 5 Haig St, Coolangatta

5 Haig St, Coolangatta is a 17 bedroom, 9 bathroom BlockOfUnits with 10 parking spaces. The property has a land size of 1012m2. The place is currently for sale with McGrath Coolangatta/Tweed Heads & Tweed Coast.

Building Type
BlockOfUnits
Land Size
1012m2

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About Coolangatta 4225

The size of Coolangatta is approximately 1.8 square kilometres. It has 8 parks covering nearly 16.5% of total area. The population of Coolangatta in 2011 was 5,192 people. By 2016 the population was 5,959 showing a population growth of 14.8% in the area during that time. The predominant age group in Coolangatta is 60-69 years. Households in Coolangatta are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Coolangatta work in a professional occupation. In 2011, 44.9% of the homes in Coolangatta were owner-occupied compared with 48.2% in 2016.

Coolangatta has 6,107 properties. Over the last 5 years, Houses in Coolangatta have seen a 93.54% increase in median value, while Units have seen a 108.46% increase. As at 30 September 2024:

  • The median value for Houses in Coolangatta is $1,534,688 while the median value for Units is $1,245,668.
  • Houses have a median rent of $725 while Units have a median rent of $695.
There are currently 64 properties listed for sale, and 27 properties listed for rent in Coolangatta on OnTheHouse. According to CoreLogic's data, 257 properties were sold in the past 12 months in Coolangatta.

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Tony Holland
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Rachael Ford
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McGrath Coolangatta/Tweed Heads & Tweed Coast
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