123 Old Burleigh Road, Broadbeach QLD 4218
Fantastic beachside location - Whole unit block in Broadbeach Other - Property ID: 978090
This fantastic beachside unit block "Eden Lodge" in a prime location in Broadbeach is situated approx. 100m to the golden sands of Broadbeach. A block of 6 units perched on 627m2 allotment of land with RD8 high density zoning and unlimited height restriction. This property providing optional development potential is 123 Old Burleigh Rd and is being offered for sale.
Rental Income; This unit block is in excellent condition and well-maintained, consisting of 4 x 2 bedroom units, 1 x 2 bedroom + study, and a separate studio apartment. The rents on the individual units are: unit 1 - $400 p/w, unit 2 - $500 p/w, unit 3 - $520 p/w plus studio apt - $290 p/w (estimated), unit 4 - $420 p/w and unit 5 - $425 p/w - Providing a total income of $2,555 per week or $132,860 p.a. with good potential for future increase with new leases.
The development potential for this site would suit an up market exclusive boutique 1 apartment per floor development, allowing approximately 300m2 per unit/per level with large spacious 3 bedrooms + study apartments to approximately 20 levels with expansive coastal and ocean views* (*Subject to GCCC approval). A similar new development is under construction at 3513 Main Beach Parade. This type of residential product would rival the Jewel Apartments commanding absolute premium prices.
- Approx. 100m to the beach
- 1 x 2 bedroom + study
- 4 x 2 bedroom units
- 1 x studio apartment
- Income return of $132,860 p.a. (estimated)
- 627m2 RD8 (1 bedroom per 13m2 of net site area)
- Unrestricted height
- Short walk to the light rail
Gold Coast's light rail system G: Link is now in full swing with stage 2 completed, allowing easy access to Gold Coast University Hospital and Griffith University at Parkwood in the north, down through Surfers Paradise restaurants and night life precinct south to the new Star Casino that is in the process of receiving a $350,000,000 revamp past Pacific Fair to the South Broadbeach station.
Location; This exclusive little strip of Old Burleigh Rd is the location of the new $1,000,000,000 (billion dollars) triple tower "Jewel" development under construction at 34 Old Burleigh Rd on the sands of Surfers Paradise with its unprecedented apartment price tags from apartments starting at $900,000 for a 1 bedroom up to the $15,000,000 price tags for the most luxurious apartments. With the Gold coasts 40 kilometres of unpolluted beaches and protected inland waterways, Broadbeach lies at the very heart and boasts the premier accommodation facilities for the transient lifestyle of the tourists, holiday makers and the local residents living or moving to the coast wanting to live near the beach and take advantage of all the Gold coast has to offer.
Price to sell at $3,950,000, contact Simon Francis or Tania Pears for more information.
- Land Size Approx. - 627 m2
- Close to Schools
- Close to Shops
- Close to Transport
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