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1,2,3,4/7 Margaret Avenue, Broadbeach, QLD, 4218
1,2,3,4/7 Margaret Avenue, Broadbeach, QLD, 4218
For sale

1,2,3,4/7 Margaret Avenue, Broadbeach, QLD, 4218

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30+ days on the market

8 bedrooms
4 bathrooms
8 carspaces
Block Of Units
516m² (Land size)

Ocean View Development Site - Entire Apartment Block

Never to be built out ocean views south to Rainbow Bay, only 200 metres to the sands of Broadbeach. 4 x 2 bedroom apartments on 516m2 of land. 7 Margaret Ave is an exceptional opportunity to buy all four apartments (in one line, strata titled) with potential to further increase on the current investment via renovation, or to realise the full value of the site via development, possibly a boutique luxury residential-only tower capitalising on the expansive ocean views achieved at a height of 21 metres and above. 7 Margaret Ave is perfectly positioned in the most central location of Broadbeach where you are within 600 metres of Pacific Fair, Light Rail, The Star Casino, Broadbeach dining precinct, and the beach being only 200 metres direct from your front door. If you were less adventurous, or perhaps a long-term player, the land banking option would be a wise decision as land parcels with unimpeded views such as these rarely present, especially in such central locations, or possibly add onto the site and increase your footprint with a second acquisition. The grounds directly across are government controlled as part of the Broadbeach State School, so future development whilst not impossible, could fairly be considered highly unlikely, making your views bordering on 'never to be built out'. The Gold Coast residential market is firing with huge demand for lifestyle apartments with the below quote being published in the Australian Financial Review on the 17th of March 2021: "Owner-occupiers accounted for 54 per cent of sales in the final quarter of last year, more than double the previous year's figure of 25.1 per cent, said Urbis director of planning Matthew Schneider." For any further information, please reach out to Mark or Andrew. ZONING: HX unlimited height RD8 1 bedroom per 13m2 BUILDING & SITE: 4 x two-bedroom, 1 bathroom, 1 car garage, 1 outside, apartments (strata titled) 516m2 land parcel with 17.1m frontage and 30.2m side Brick and tile construction, circa 1979 build 2 levels = 1 & 2 ground level, 3 & 4 level 1 Unit 1 = 142 m2 (106 m2 internal, 15 m2 garage, 21 m2 balcony) Unit 2 = 109 m2 (94 m2 internal, 15 m2 garage) Unit 3 = 136 m2 (106 m2 internal, 15 m2 garage, 15 m2 balcony) Unit 4 = 110 m2 (94 m2 internal, 16 m2 garage) FINANCIALS: Outgoings: Rates $11,166 p/a Water $7,569 p/a Body Corporate $18,495 p/a Total Outgoings as Above = $37,230 Body Corporate Sinking Fund $46,780.32 as of 08.03.2022 Rental Income: U1 = $20,800 at $400pw U2 = $19,240 at $370pw U3 = $26,000 at $500pw (rental assessment, currently vacant) U4 = $20,280 at $390pw Total Rental Income $86,320 gross *All figures and distances are estimated and should be relied upon as a guide only.
1,2,3,4/7 Margaret Avenue property profile
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Mark Stafford
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Mark Stafford

Andrew Rouse
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Andrew Rouse

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Mark has sold 7 properties in Broadbeach, in the last 12 months.
Mark Stafford

Mark Stafford

6 Reviews 11.6m Total Sales Value Ray White Burleigh Group
  • 7
    Sold properties in Broadbeach
  • 1.65m
    Average sale price in Broadbeach
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