Outstanding opportunity to acquire this blue-chip beachside property, offering a myriad of lifestyle & re-development options. One of the key elements is the ocean view corridor where you can watch the waves peel through to Rainbow Bay Beach. DETAILS: - Three individual units on (1) title (1x1br, 1x2br, 1x3br) - Lot 2 RP 111615 - Land area 546m2 (15m frontage) - Zoned RD7 High Density Residential (up to 38M / please refer to GCCC or your town planner for further advice) - Ideal re-development for luxury boutique apartments FINANCIALS: - Current gross rental return $93,080 PA - Council Rates $5,685.93 per 1/2 year - Water Rates $607 per 1/4 year - Electricity $467 per 1/4 year LOCATION: Rainbow Bay, situated in the enchanting Southeast Queensland, Australia, is a coastal paradise within the Coolangatta region. Nestled in the southern part of the Gold Coast, its prime location offers a perfect blend of natural beauty and urban accessibility. At the heart of Rainbow Bay's allure is the world-renowned Snapper Rocks, a surfing haven that attracts wave enthusiasts from across the globe. The iconic point break delivers consistently exceptional waves, making it a must-visit for surfers seeking an exhilarating experience. Complementing its natural charm, both Coolangatta & Rainbow Bay features a diverse array of local restaurants and absolute oceanfront Surf Clubs that offer a culinary journey ranging from fresh seafood to international flavours. The dining scene contributes to the area's vibrant culture, providing a delightful experience for residents and visitors alike. Beyond its immediate attractions, Rainbow Bay holds promising development potential, offering opportunities for growth and enhancement. Its proximity to the Tweed River and the Jack Evans Boat Harbour adds another layer of allure, providing scenic beauty and recreational possibilities. Moreover, the convenience of being near the Gold Coast Airport enhances Rainbow Bay's appeal, making it an accessible destination for both domestic and international travellers. With its coastal charm, renowned surf breaks, culinary delights, development prospects and convenient access points, Rainbow Bay Coolangatta emerges as a multifaceted pot of gold on the Australian coastline. AGENTS COMMENTS: Seldom does an opportunity present itself to acquire a complete block of freehold units on a prime 546m2 allotment, within such a beautiful beachside location. The site's generous dimensions & ocean view corridor, provide flexibility for creative architectural endeavours, ensuring a profitable investment. It's extremely close proximity to pristine beaches, vibrant amenities and the allure of Rainbow Bay's lifestyle, makes this a compelling choice for discerning developers and those that may wish to hold a blue-chip property whilst receiving a rental return. With Expression of Interest closing at 4pm on 9th February 2024, seize the opportunity to shape the future of this sought-after coastal locale and act now to be part of this thriving coastal community. *TO ASSIST PROSPECTIVE PURCHASER'S A PEST & BUILDING REPORT IS AVAILABLE UPON REQUEST. Disclaimer: All information contained herein is gathered from sources we believe to be reliable. DJ Stringer Property Services Pty Ltd and its staff will not be held responsible for any act or omission arising from the accuracy of such material. We cannot guarantee its accuracy and interested persons should rely on their own enquiries. Such enquiries should include, but in no way limited & directed, to your legal representative, any local authorities, the Contract of Sale and in the event of a Unit, Strata Title or Community Title, refer to the Body Corporate, Community Management Statement & Disclosure Statement for any information on the property, Common Property & Exclusive use areas, that may directly or indirectly affect this property.
