Rare development opportunity just off Hedges Avenue & less than 100m to the beach.
Currently comprising of 6 Strata Titled units:
- x4 2 bedroom & 1 bathroom
- x2 1 bedroom & 1 bathroom
- All with single carport accommodation
- Current rental income of approximately $3,100 per week ($161,200 per annum)
- Projected rental income of approximately $172,000 per annum
- 809m2 block, zoned medium density residential
- RD 5 allowing for 1 bedroom per 50m2
- 20m street frontage
Trophy Northern Mermaid Beach location, just off Millionaires Row, Hedges Avenue, & within close proximity to Pacific Fair, Star Casino, a short walk to Buzzing Broadbeach, Gold Coast Light Rail Station & numerous local restaurants & cafes.
Surrounded by luxury homes this prime positioned site offers a development opportunity to create luxury landmark residences offering ocean & city skyline views in a location the envy of many. On top of all of this, there's a host of World-Class amenities on your doorstep!
The Location:
- Beautiful Mermaid Beach & the glistening Pacific Ocean, less than 100m from the front door!
- 675m to Pacific Fair with some of the best shopping on the Gold Coast
- Incredible cafes, restaurants & bars within a 5-minute radius
- Mermaid Beach Surf Club 300m
- Bam Bam Bakehouse 450m
- Gold Coast Star Casino 1km
- Buzzing hub of Broadbeach including entertainment, restaurants, cafes, bars, shopping & Gold Coast Convention Centre 1.2km
- Surfers Paradise 4 km
- Beautiful Burleigh Heads Village & National Park approx. 7 minute drive to the south & just 25 minutes in the car to Gold Coast Airport
- Amazing transport links, with the Gold Coast Light Rail just 500m away, & motorway access taking you to Byron or Brisbane in just 75 minutes!
** Opportunity also exists to acquire neighbouring 405m2 block in an amalgamation totaling over 1200m2 land.
Hurry, this is a rare opportunity to secure such a prime land holding.
For more information Call Perry Brosnan 0414 758 204 or Simon Francis 0413 198 357.
Disclaimer:
We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
* denotes approximate measurements.
