An exceptional opportunity arises to rent out, land bank or build a luxury home on this prime 506m2 beachfront home site currently occupied by an income-producing four-unit pack.
Positioned on the sought-after beachfront address of Pacific Parade, this original two-level property fronts a picturesque outlook of surf, sand, sun and sea.
All four two-bedroom, one-bathroom units generate good rental yields in their current state, allowing buyers to secure a foothold in the beachfront market.
Three units occupy the ground level, with one unit afforded a porch overlooking the beach.
The top floor unit enjoys ocean views and sea breezes to the living room, dining area and kitchen all on timber floors.
This southern Bilinga unit block is ideally located close to North Kirra Surf Club and only minutes to the shops, restaurants and amenities of Tugun Village, Kirra cafe precinct and Coolangatta CBD.
* 506m2 block of four income-producing units
* Beachfront site zoned Medium Density Residential
* Beach and ocean views, 550m to surf club
* Four two-bedroom, one-bathroom units
* Gross weekly rental return of $1,160 per week
* GCCC Rates $3,528.55 (1 January to 30 June 2019)*
Bilinga has gained massive popularity in recent years due to its low density living environment and laid back charm. Lifestyle enthusiasts will enjoy the new Oceanway foreshore path connecting Bilinga south to Kirra cafe precinct and Coolangatta with its array of shops, bars and restaurants. A journey north and you will discover the thriving village hub of Tugun and Currumbin.
Redevelopment under the current town plan is classed under Medium density residential, Zoned RD6 - 1 bed per 33m2 net site area with the building height up to 23 metres. To satisfy your due diligence, we recommend calling Town Planning at Gold Coast City Council on 07 5582 8211 or consult a local town planner.
* approx
The property is scheduled to go to auction on Saturday 6 July 2019.
Disclaimer: This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
