Positioned in a quiet, family-friendly pocket of Palm Beach, this 346m² property presents a unique opportunity to secure an existing two-bedroom home with a separate studio, offering immediate rental income alongside the added benefit of an approved Development Application for a brand-new freestanding residence.
The existing home and studio are both well maintained and in great condition, providing comfortable accommodation and a combined rental return of approximately $1,350 per week. Whether you're looking for an investment, a coastal home with additional income, or an opportunity to build in the future, this property offers exceptional flexibility.
Adding further appeal is the approved Development Application for a striking four-bedroom, three-and-a-half-bathroom freestanding residence, designed by Allan Amores. The thoughtfully considered design incorporates generous open-plan living, seamless indoor-outdoor entertaining and a spacious backyard, creating the opportunity to build a contemporary coastal home.
Located in the highly sought-after northern end of Palm Beach, the property is just moments from Tallebudgera Creek, Burleigh Head National Park and the vibrant heart of Burleigh Heads. With beautiful beaches, cafés, restaurants and walking trails nearby, the location delivers an enviable coastal lifestyle.
Property Features
346m² newly subdivided allotment
Existing two-bedroom home in excellent condition
Separate, self-contained studio providing additional accommodation
Two-bedroom home currently returning approximately $750 per week
Separate studio currently returning approximately $600 per week
Combined rental income of approximately $1,350 per week
DA approval for a brand-new four-bedroom, three-and-a-half-bathroom freestanding residence
Architectural design by Allan Amores
Approved plans featuring spacious open-plan living and outdoor entertaining
Private driveway access, separate from the neighbouring property
Convenient access to Palm Beach, Burleigh Heads and the M1
Moments from beaches, schools, cafés, restaurants and Gold Coast Airport
An Opportunity with Multiple Possibilities
Live in, invest or develop.
With an existing two-bedroom home, separate studio and approved plans for a brand-new residence, 51 Japonica Drive offers a compelling combination of immediate income, coastal lifestyle and future development potential.
An increasingly rare opportunity to secure a versatile Palm Beach property with the flexibility to enjoy what is already there while planning for the future.
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.
