122 Hedges Avenue, Mermaid Beach QLD 4218

Other:   Bedroom Icon 10 Bathroom Icon4 Car Park Icon 4 Land Size Icon 405m2

Sold for $1,899,000

PRICE REDUCED TO LAND VALUE TO SELL IMMEDIATELY! GOLDEN OPPORTUNITY ON HEDGES AVENUE!

Don’t miss it this time! This entire block of units on prestigious Hedges Avenue, will be sold!

Secure this ‘Blue Chip’ location as it is truly rare, imagine what it will be worth in the future as it is very difficult to find a North East facing corner position on Hedges Avenue for land value only to develop into your dream property!

This beachside block of 4 units set on an ideal North-East facing aspect corner position boasts a wide frontage of approx. 36 metres onto exclusive Hedges Avenue, ‘Millionaire’s Row’ – Queensland’s premier location.

Offering so many financially rewarding possibilities, this blue-chip property gives you the option to hold as the perfect investment and take advantage of the income streams already in place (current annual returns of $73,060 – which is a higher percentage return for residential property beachside) or build your dream home in the ultimate of locations!

Features include:
– Entire block of 4 units
– 405m2 block with wide 36 metre (approx.) frontage onto Hedges Avenue
– North-East facing aspect, rare corner position
– 2 x 2 bedrooms, 1 bathroom units – downstairs
– 2 x 3 bedrooms, 1 bathroom units – upstairs
– Ocean views
– Currently returning $73,060.00 per annum
– Blue chip location

Council Rates: Approx. $7,000.00 per annum
Water Rates: Approx. $3,200.00 per annum
Total Rental Income: Currently returning $73,060.00 per annum ($1,405 per week)

This prime position is only metres from the beach, minutes from world class shopping at Pacific Fair, Broadbeach Mall with its abundance of shops, restaurants, cafes and thriving nightlife, the Light Rail station, newly refurbished Star Casino and the Gold Coast Convention Centre.

It’s not easy buying quality real estate, but the rewards over the years can be endless. Take advantage of this rare opportunity and invest wisely in your future. Contact Luke Henderson or Cindy Katene today.

Property ID: 985943

Close to Shops
Close to Transport
Contact Agents
Luke Henderson
Luke Henderson

Director, Auctioneer & Senior Sales Representative

Office: 07 5572 8011
Mobile: 0409 599 507

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Cindy Zammit
Cindy Zammit

Assistant to Luke Henderson

Office: 07 5572 8011

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John Henderson Real Estate
2406 Gold Coast Highway, Mermaid Beach QLD 4218 | Phone 07 5572 8011