$ 1,625,000

AUCTION MONDAY1ST JULY, FROM 11AM IN-ROOMS, LANGHAM HOTEL, 36 OLD BURLEIGH ROAD, SURFERS PARADISE OFFERS CONSIDERED PRIOR TO AUCTION! Endless potential, discover the ultimate opportunity to redevelop, reside in, or invest in this tightly held and rare corner position property, zoned MDR3 with a two-story 9m height limit. Perfectly located just moments from the beach and surrounded by a plethora of lifestyle amenities including cafes, restaurants, shopping centers, schools, and transport options. Currently offering dual income and boasting strong rental returns, this property features spacious, light-filled interiors with a total of 6 bedrooms and 3 bathrooms. The large yard adds to its appeal, making it a versatile investment for the discerning buyer. This rare and exciting opportunity won't last long. Our owners are committed to selling! Contact us now to secure your future in this prime Palm Beach location! - 6 bedrooms, 3 bathrooms, parking for 2 vehicles - Build your dream home, duplex pair or triplex (subject to council approval) - Zoned MDR3 for 2 story/9m building height redevelopment - 6 bedrooms in total (2 x 3 bedroom dwellings) - 3 bathrooms in total (1 x 2 bathrooms; 1 x 1 bathroom) - Current return is $78,000 per annum combined rental income ($920pw + $550pw) - Leases expire Sept 2024 - Rent potential: $950pw + $650pw respectively ($83,200 per annual potentially) - Separately water metered for each unit - Within the Palm Beach Currumbin High School catchment - Close to the beach, shops, parks, sports clubs, schools and so much more Palm beach is thriving beachside suburb, here you can enjoy close proximity to the ocean and golden sandy beaches, family-friendly hotspots like Tallebudgera Creek and the Southern Gold Coast's best patrolled beaches. This home is located within the catchment for Palm Beach State School and Elanora State High School, making this property an ideal property for an active family. With the M1, Gold Coast Airport, and a network of public transport options nearby connectivity and accessibility has never been easier.