24 Ikkina Road

Burleigh Heads QLD 4220

567 m²

House

Currently for sale - view listing

Overview

BLOCK OF FLATS WITH DEVELOPMENT UPSIDE

Introducing an exceptional opportunity in the heart of Koala Park positioned perfectly at the foothills of Burleigh Heads National Park. Situated just 240 metres from the pristine Tallebudgera Creek and within easy reach of Burleigh Heads' vibrant shops, cafes, and beaches, this property blends lifestyle and future invest potential like no other. Koala Park Estate is renowned for its tranquil, nature-adjacent setting, offering residents a peaceful sanctuary while being conveniently close to everything. This sought-after pocket continues to attract strong development interest, with several new projects underway, making this location a magnet for savvy investors and developers alike. Sitting on a generous 567m² of land with medium-density zoning, this site presents multiple pathways - ideal for developers looking to capitalize on the growth, builders looking for their next project or for owner-occupiers and extended families seeking dual living or a spacious home with future land banking benefits. Whether you're entering the exclusive Koala Park market for the first time, aiming to renovate and enhance the lifestyle advantages, or exploring development possibilities, this property invites you to imagine the limitless potential it holds. Key Investment Highlights - Zoning: RD5 (1 bed / 50 m² net site area) - Site Area: 567 m² - Current rental return of $1,400 p/w, expected rental return of$2,900 p/w - Total of 4 residences, with 3 leases in place for holding income - No easements, no strata amalgamation & no survey issues - No title complications, no relocation disputes, no DA blocking neighbours - Steps to Tallebudgera Creek, Burleigh Headland & Koala Park Village. - Favourable Zoning RD5 density supports 10–11 apartments (STCA). - New apartments in Koala Park should achieve $1.45mil + for 2 bed units. - DA can be lodged while collecting rent - Tightly held pocket, Koala Park sites of this scale & zoning are scarce - Recent sales show upward pressure on $/m² - Solar hot water + solar panels Don't miss your chance to secure this great opportunity in one of Burleigh Heads' most coveted addresses.