Just 250 meters from the stunning sands of Palm Beach, 15 Molucca Avenue presents a rare opportunity to secure a substantial multi-residence property in one of the Gold Coast's most tightly held coastal suburbs.
Set on a 508m² medium-density zoned block, the property comprises three separate residences across two levels, offering an attractive combination of immediate rental income, flexible living options and potential for future capital growth.
The entire upper level is dedicated to one spacious residence featuring three bedrooms plus a study and one bathroom. Retaining much of its original character, the residence enjoys an abundance of natural light and provides plenty of scope for the new owner to add their own personal touches and value over time.
Downstairs are two separate two-bedroom residences, both currently occupied by long-term tenants. Each residence is returning $585 and $650 per week, providing a combined rental income of $1,235 per week, with leases extending through to early 2027.
Adding further appeal is the property's solid construction. Built from brick and tile with a hardwood flooring beneath tiles and carpet flooring separating the upper and lower levels, the design provides the benefits of a substantial build, including improved insulation, reduced noise transfer, and a stronger separation between the residences.
The medium-density zoning provides an additional layer of future potential, with redevelopment possibilities always worth considering, subject to relevant council requirements and approvals.
And then there is the location.
Positioned approximately 250m from Palm Beach, you're within easy reach of the beach, Pirate Park, Laguna Avenue Park, Palm Beach-Currumbin State High School, local shops, cafés and the vibrant Palm Beach dining precinct. The Gold Coast Airport is approximately 10 minutes away, while access to the broader Gold Coast and Brisbane is convenient via the M1 and nearby transport connections.
Whether you're looking for a strong investment with multiple income streams, a property that can accommodate extended family, or a coastal holding with future redevelopment potential, 15 Molucca Avenue offers a combination that is becoming increasingly difficult to find.
FEATURES –UPSTAIRS
Light and breezy
4 Bedrooms with built-in wardrobe
Multipurpose room/ 5th bedroom or easily converted back into a garage with internal access
1 bathroom + separate Laundry
Freshly painted + New Carpet
Front and back Balcony
Rental Potential $850 week
FEATURES-DOWNSTAIRS
2 X 2 bed original apartments
Unit 1 lease $585 week – Feb. 2027
Unit 2 lease $650 week – March 2027
Side access for caravan
3 bay carports
LOCATION
250m to the beach- Laceys Lane –Curumbin Alley Surf
250m to the Pirate Park - Currumbin Creek – lead free dog beach – still water swimming
350m to Laguna Park – shops, chemist and coffee
150m to PBC – Palm Beach Currumbin High School (in catchment)
170m to Palm Beach Aquatic Centre
800m to Tarte Beach House on Currumbin Creek
10 minutes to Airport
10 Minutes to train station to Brisbane
1 hour to Brisbane and Byron Bay
With three residences on one title + a 508m² of medium-density land all within 250m to the beach. Call now it won't last!
Marketing materials may have been digitally edited to enhance the images and are intended as a guide only. They may not necessarily reflect the property's exact current condition or appearance. Whilst every care is taken in preparing this marketing, Image Property will not be held liable for any errors in typing or information. Buyers should inspect the property and make their own enquiries to confirm all information.
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