14 First Avenue, Broadbeach QLD 4218
Price: Contact Agent
Block of 8 Units in Broadbeach - 150m to the Beach Other - Property ID: 947851
Consisting of 1 x 3 bedroom, 3 x 2 bedrooms and 4 x 1 bedroom units, this block of 8 is perched proudly on this North facing corner of First Avenue and Surf Parade. The potential return for this block of is between $165,000 to $170,000 per annum.
This is the first time this block has marketed as one since being built back in the early 90's. This is a solid investment for the future, with the ability for redevelopment with RD8 zoning which permits 1 bedroom every 13m2, totaling 52 bedrooms for the site. The options are limitless!
Located within 400m to light rail station and 160m to the beach, the location of this block has high demand in the rental market.
This is your chance to invest with the opportunity to participate in the ever changing and exciting future of Broadbeach's transition into one of Australia most popular beachside destinations.
The possibility to amalgamate with neighbouring lots is also a very real and exciting possibility and would allow the new owners the opportunity for a major development on a grand scale.
Please feel free to call to discuss this once in a life time golden opportunity.
- 13 bedrooms, 8 bathrooms total
- Total basement parking for 8 cars
- Swimming pool
- 678m2 (approx.) North facing corner block
- RD8 zoning (1 bedroom per 13m2) 52 units total (subject to Council approval)
- Approximate return of $165,000 to $170,000 p.a.
- Approx. 160m to beach
- Under 400m (approx.) to light rail station
- Expressions of interest invited
Easy walking distance to Surfers Paradise, Northcliffe Surf Club, Broadbeach restaurants cafes and bars, Casino, Convention Centre, 160m to the golden sands of the famous Gold Coast beaches and Pacific Ocean.
This is a rare opportunity with a real possibility of amalgamating with adjoining properties that are currently listed. Please call for further information. Motivated owners serious about selling this property.
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 only.
- Land Size Approx. - 678 m2
- Close to Shops
- Close to Transport
- Secure Parking
Office & Agent Details
John Henderson Real Estate
- 2406 Gold Coast Highway
Mermaid Beach QLD 4218
- E: firstname.lastname@example.org
- P: 07 5572 8011
- F: 07 5572 0176