809m2 Whole Block - Zoned Medium Density Residential - Invest in 7 beachside townhouses

Just approx. 200m from Mermaid Beach, a stones throw to Pacific Fair and an easy stroll into the Broadbeach restaurant precinct and CBD are these seven x 2 bedroom townhouses hitting the market for the first time.

These seven spacious 2 bedroom townhouse apartments are rare to the beachside market and are a great investment. This is certainly a rare blue-chip opportunity – hold and sit on the income, with redevelopment options down the track. Alternatively, if you are wanting to sink your teeth straight into a good project and turn it over to receive a good quick profit margin, then this is the perfect timing for the market to do just that.

The potential to go 3 levels with rooftop entertaining deck is subject to council approval and you can transform this site and reap the value of this location. The site itself is crying out for big modern luxury executive family apartments in one of the most accessible beachside locations for weekend accommodation, retirees looking for the best beachside living in Queensland or if you’re just wanting a great investment to live off.

The value in this location is reminiscent of the Bondi Beach market back in the 80’s with demand constantly outstripping stock levels. Owners that purchased early back then capitalised on the demand for the beachside market in the future and are now reaping the rewards of their property acumen in investing in real estate.

Enjoy the most sought-after beachside lifestyle on the Gold Coast and with the timing of the next stage of the light rail to Burleigh Heads, the transition stage from old 70’s and 80’s fibro beach shacks to the new chic modern beachside elegance this central location is in transformation. In fact, there are more local infrastructure and development projects planned for this area than ever before.

Units 1-7/28 Peerless Avenue at the northern end of Mermaid Beach is within a stone’s throw to the beach (under 200m) and just a short walk across the road to the fourth largest shopping centre in Queensland (approx. 500m). The Star Casino, light rail Station, Gold Coast Convention Centre, and Broadbeach restaurants and Broadbeach CBD all an easy stroll.

For an Information Memorandum please contact Simon Francis on 0413 198 357.

Potential buyers should make their own inspections and enquiries and seek their own independent legal advice before signing a contract of sale, to satisfy themselves that all details relating to the property are correct.

Property ID: 1204405