Prime Beachside Site - Overseas Investor Says Sell!

This is a rare opportunity to secure this prime beachside site in popular Mermaid Beach on a large 1,222m2 beachside corner block with plenty of financially rewarding options for you to consider.

With 20 metres (approx.) of Gold Coast Highway frontage, build for the future utilising 817m2 of ‘Mixed Use’ and 405m2 of ‘Medium Density Residential’ under the recently implemented Gold Coast City Plan, giving you the freedom to really make the most out of this investment.

Alternatively, hold for the future as this block consists of 6 x 2 bedroom and 3 x 1 bedroom units each with their own carspace, providing you with 9 income streams that total an approximate return of $117,000 p.a.

This site is perfectly positioned only a short stroll to the beach and so close to Pacific Fair with its multi-million dollar upgrade to a world class shopping precinct, Broadbeach Mall with its abundance of shops, restaurants, cafes and thriving nightlife, the Light Rail station – the most convenient way to travel, Jupiter’s Casino and Gold Coast Convention Centre.

Features:
– Prime beachside development or investment opportunity
– Benefit from the new Gold Coast City Plan
– Large 1,222m2 block with 20 metres (approx.) of Gold Coast Highway frontage
– $117,780 p.a. return approx.
– 6 x 2 bedroom and 3 x 1 bedroom units
– Ideal location close to the beach, Pacific Fair, Broadbeach Mall, the Light Rail station, Jupiter’s Casino and Gold Coast Convention Centre

The Auction will be held on Monday 12th September 2016 at 10am at the Mermaid Beach SLSC. To take advantage of this fantastic opportunity and invest in your future wisely, call Luke Henderson or Andrew Henderson today for an inspection.

Council Rates: approx. $16,826 p.a.
Water: approx. $5,200 p.a.
Rental return: approx. $117,780 p.a.

* Please note: Owner pays electricity (approx. $7,487 p.a.)

** Information Memorandum and Independent ‘Town Planning Summary’ report is available to interested buyers on request **

Due to State Government Legislative requirements, to bid at auction photographic ID is required for registration. The deposit is due to be paid immediately after the fall of the hammer on auction day unless other prior arrangements have been made.

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.

Property ID: 882857