Rare development opportunity just off Hedges Avenue & less than 100m to the beach.
Currently comprising of 6 Strata Titled units:
- x4 2 bedroom & 1 bathroom
- x2 1 bedroom & 1 bathroom
- All with single carport accommodation
- Current rental income of approximately $3,100 per week ($161,200 per annum)
- Projected rental income of approximately $172,000 per annum
- 809m2 block, zoned medium density residential
- RD 5 allowing for 1 bedroom per 50m2
- 20m street frontage
Trophy Northern Mermaid Beach location, just off Millionaires Row, Hedges Avenue, & within close proximity to Pacific Fair, Star Casino, a short walk to Buzzing Broadbeach, Gold Coast Light Rail Station & numerous local restaurants & cafes.
Surrounded by luxury homes this prime positioned site offers a development opportunity to create luxury landmark residences offering ocean & city skyline views in a location the envy of many. On top of all of this, there’s a host of World-Class amenities on your doorstep!
The Location:
- Beautiful Mermaid Beach & the glistening Pacific Ocean, less than 100m from the front door!
- 675m to Pacific Fair with some of the best shopping on the Gold Coast
- Incredible cafes, restaurants & bars within a 5-minute radius
- Mermaid Beach Surf Club 300m
- Bam Bam Bakehouse 450m
- Gold Coast Star Casino 1km
- Buzzing hub of Broadbeach including entertainment, restaurants, cafes, bars, shopping & Gold Coast Convention Centre 1.2km
- Surfers Paradise 4 km
- Beautiful Burleigh Heads Village & National Park approx. 7 minute drive to the south & just 25 minutes in the car to Gold Coast Airport
- Amazing transport links, with the Gold Coast Light Rail just 500m away, & motorway access taking you to Byron or Brisbane in just 75 minutes!
** Opportunity also exists to acquire neighbouring 405m2 block in an amalgamation totaling over 1200m2 land.
Hurry, this is a rare opportunity to secure such a prime land holding.
For more information Call Perry Brosnan 0414 758 204 or Simon Francis 0413 198 357.
Property ID: #R2-4316324
