6 Tallebudgera Drive

Palm Beach QLD 4221

549 m²

Block of units

Currently for sale - view listing

Overview

Blue-Chip Beachside Investment with Immediate Income and Development Potential

Combining an unbeatable coastal location with immediate income and compelling future development upside, this is the blue-chip investment opportunity you've been waiting for. Situated just 180m from the beach and 450m from Tallebudgera Creek (approx.), the prime 549m2; corner allotment hosts a classic tri-level brick unit block. Comprising six individually leased two-bed one-bath apartments on one title, they deliver an impressive net income of approx. $135,000 per annum. Adding another layer of appeal, the high-density site presents significant longer-term redevelopment potential, with scope for four townhouses or a medium-rise development (STCA). Equally enticing is the lifestyle-rich location. Stroll to tranquil Tallebudgera Creek to SUP, fish or kayak or swap the still waters for the nearby surf. Local cafes, parks, sporting amenities and Tallebudgera SLSC are also within walking distance, plus cross the bridge to connect with the scenic trails that meander through Burleigh Head National Park. The vibrant dining and shopping precincts of Palm Beach and Burleigh are just a short drive away too, with Gold Coast Domestic and International Airport approx. 15 minutes by car. Whether retained for its strong income stream or held for future gain, this is your rare chance to secure an established income-producing asset with lucrative development potential. Don't delay, inspect today! Property Specifications: • Outstanding investment opportunity in an unbeatable coastal location, underpinned by strong capital growth and development potential • Entire classic brick unit block spanning three levels, offered for sale on one title • Prime 549m² corner allotment just 180m from the beach and 450m from Tallebudgera Creek (approx.) • Complex comprises six individually leased 2-bed, 1-bath apartments with shared entry balconies, a single garage plus off-street driveway parking • Two apartment configurations - Type A approx. 103m² and Type B approx. 125m² • Fully leased investment delivering approx. $135,000 net income per annum • High-density site presenting significant future redevelopment potential, with scope for four townhouses or medium-rise development (STCA) • Exceptional opportunity to secure an income-producing asset with compelling longer-term development upside • Along with being walking distance to surf beaches and stillwater Tallebudgera Creek, stroll to local cafes, parks, sporting amenities, Tallebudgera SLSC and Burleigh National Park • Short drive to Palm Beach and Burleigh's vibrant dining and shopping precincts • Approx. 15 min drive to Gold Coast Domestic and International Airport