4/16 Leonard Ave, Surfers Paradise, QLD, 4217 - Apartment Sold on 24 06 2025

SoldJun 24, 2025

4/16 Leonard Ave, Surfers Paradise, QLD, 4217

$435,000

138 m²

Apartment

•

6 days on the market

Sold: Jun 24, 2025

What's around 4/16 Leonard Ave

Investor Goldmine in Surfers Paradise Cash Flow + Future Jackpot

Welcome to Unit 4/16 Leonard Avenue, nestled in the iconic heart of Surfers Paradise a classic 1970s walk-up block that quietly holds a not-so-hidden treasure. 1 Bed | 1 Bath | 1 Car Current Rent: $440pw | Appraised: $480pw This tidy 1-bed, 1-bath, 1-car apartment offers reliable rental income right now, with a tenant in place and returns of $440 per week (with a fresh appraisal at $480pw). That's solid holding income while you sit on a future opportunity that could be worth its weight in gold. Why is this such a big deal? Because this unit sits on a large, flat parcel of land, surrounded by absolute waterfront multi-million dollar homes. Developers will come knocking one day and when they do, they'll need to buy out all 8 owners. And to do that? They'll have to make it worth your while. That's the kind of exit strategy savvy investors dream about: - Consistent cash flow now - Blue-chip suburb - Potential for a future development buyout This isn't just bricks and mortar it's your ticket into one of the Gold Coast's most valuable landholdings, with a big payday potentially waiting at the end. Location Highlights: - Steps to public transport, beaches & nightlife - Quiet street with no through traffic - Rapidly gentrifying pocket of Surfers Paradise