42 Ocean Street, Mermaid Beach
405m2 in Prime Beachside Location - 2 Income Streams House - Property ID: 868862
This is a fantastic opportunity to purchase this duplex pair situated in a prime beachside location and renovate into your dream home. Positioned on a 405m2 block with a 10m frontage, these properties are strata titled, but are being sold together providing the smart buyer with many different options.
Ocean Street is a quality location situated in the heart of beachside Mermaid Beach. The recent property growth of this ever so popular area shows how Mermaid Beach is at the top of the list for buyers seeking the real Gold Coast lifestyle.
The beach, the recently expanded Pacific Fair and transportation including the light rail are all at your fingertips, along with local shops and impressive restaurants.
The structure is solid - rendered brick and tile which provides you with a great base for any refurbishment and the ability to add serious value to the property.
Unit 1 comprises of 2 bedrooms, 1 bathroom and has been tastefully renovated with solid bamboo floorboards, a skylight, timber shutters, a timber kitchen, 'Crimsafe' on the entrance door and video intercom providing a warm and safe feeling throughout the home. The manicured gardens and private undercover courtyard offers the perfect sanctuary to relax and unwind outside in your own quiet space.
Unit 2 also comprises of 2 bedrooms, 1 bathroom, is tiled throughout and is nicely tucked away at the rear of the block with an outdoor undercover courtyard that is perfect for relaxing outside on those warm summer days.
- Prime beachside position
- 2 income streams
- Fantastic investment opportunity
- 2 bedrooms, 1 bathroom, single garage each
- Walk on the beach daily
- Close to Pacific Fair, restaurants, cafes, schools and transport
The choice is yours, purchase solely as an investment property and rent both taking advantage of the 2 income streams, live in one and rent the other to assist in paying the mortgage, or transform the whole block into your dream beachside home. Opportunities like this do not come up very often, especially in such a prime location, so inspect today before you miss out. Call Luke Henderson or Cindy Katene to book in your inspection.
Council Rates: approx. $2,885 p.a
Water Rates: approx. $1,300 p.a
Rental Income: Unit 1 estimated at approximately $450 p/w. Unit 2 is currently tenanted for $395 p/w.
- Land Size Approx. - 405 m2
- Built-In Wardrobes
- 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: email@example.com
- P: 07 5572 8011
- F: 07 5572 0176
- Director, Auctioneer & Senior Sales Representative
- E: firstname.lastname@example.org
- M: 0409 599 507