Seize this exceptional opportunity to own a majority stake in a tightly-held beachfront block comprising 4 out of 5 units, ideally positioned on a generous parcel of prime absolute beachfront land.
This level, northeast facing parcel covers a huge1019m2 and is centrally located between Tugun and Coolangatta boasting endless local amenities on your doorstep.
An original early1970's classic Gold Coast style block, the site offers holding income for those wanting to land bank with 3 out 4 units currently leased, plus the flexibility of use for those seeking to owner occupy.
Bilinga has seen extraordinary growth over recent years and represents one of the most desired beach side locations on the entire Gold Coast.
Whether you're looking to landbank, owner occupy, or continue enjoying solid rental income, do not miss this opportunity to secure 80% ownership of what could be your forever home or a high growth investment.
Prime beachfront sites of this calibre are limited, particularly in the flourishing suburb of Bilinga, which offers a peaceful lifestyle in close proximity to key infrastructure, including the Gold Coast Airport.
Going to Auction 10am Thursday 28th August, in rooms at the Palm Beach Surf Club. For more information or to book your inspection please call Lara McCallum on 0488 488 955.
NOTEABLE INFORMATION:
• Site Area: 1019 msq
• Zoning: Medium Density Residential
• Frontage 16.1m (approx.)
• Height Allowance: 3 levels (15m approx.)
THE UNITS:
• Unit 1: Ground level, 2 bedroom, 1 bathroom, 1 designated carport. Currently tenanted for $470 per week until October 2025. Updated rental appraisal at $650 per week.
• Unit 2: Ground level, 2 bedroom, 1bathroom, 1 designated carport. Protected ocean views from the kitchen window. Current lease expires early August 2025. Rental appraisal at $650--$700 per week
• Unit 4: Large 3 bedroom, 2 bathroom, 1 car lockup garage. Absolute beachfront, unobstructed water views. Currently leased for $820 per week until July 2026. Updated rental appraisal $950-$1000 per week.
• Unit 5: 2 bedroom, 1 bathroom, 1 car oversized lockup garage. Excellent protected ocean views from the kitchen and master bedroom. Currently leased for $520 per week and lease in place until February 2026. Updated rental appraisal $650-$700 per week.
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. This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
