Whole Beachside Block of 7 Units. 809m2 Nobby's Corner Position. Hold For Income or Knockdown.

Rarely does an opportunity present itself to purchase your very own entire block of 7 units, especially with a position as prized as this; corner location facing north-east opposite the beach on Albatross Avenue in the heart of the uber chic Nobby’s Beach enclave.

This tightly held block of units with ocean views in sought-after Mermaid/Nobby Beach is being offered for sale for the very first time and will be sold at Auction if not sold prior.

Built in 1994, this solid block and tile structure featuring 7 strata titled apartments on 809m2 of beachside land is perfectly nestled on the north-east facing corner of Wave Street and prestigious Albatross Avenue.

Four levels of construction includes the basement for 11 vehicles, plus 3 x two bedroom units on each of the ground floor and first floor, plus a three bedroom Penthouse with undercover entertaining deck on top. Many units enjoy impressive ocean views.

This super-rare opportunity from a highly committed seller means you have the choice to sit back in the Penthouse and enjoy the investment returns, renovate and maybe sell a unit or two or seven, or simply start again and demolish to take advantage of this world-class location.

Imagine building your dream home on prestigious Albatross Avenue on a huge double corner block, with sandy beach just across the road, while watching the sunrise ocean views, it simply doesn’t get more perfect than this.

Spend your weekends in currently the Gold Coast’s hottest and most sought after location. Whether it be wandering the deliciously trendy Nobby’s restaurant, cafe and dining precinct that spans all the way from the beach through to the strip off the Highway, or enjoy a stroll on the sand, a swim or a surf, then a drink / meal all year round at the patrolled beach of nearby Nobby Beach SLSC. As surely you can’t find a more suitable property any closer to all of these attractions.

– Boutique block of 7 units over three levels, plus basement parking
– 6 x 2 bedroom, 2 bathroom apartments
– 1 x top floor Penthouse, 3 bedrooms, 2 bathrooms
– Ocean views
– Incredibly rare north-east facing sunny corner position
– 809m2 land area with dimensions of 25m x 32m (approx.)
– Secured basement parking for 11 cars (including 4 tandem bays and 3 single bays)
– Featuring a balcony or entertaining patio for each unit
– Top floor undercover rooftop entertaining area
– Solid construction
– “A hop, skip and a jump” to Nobbys Beach dining, cafe and restaurant precinct
– Use the beach every day for the rest of your life – stroll, surf, swim
– Walk to the proposed light rail Stage 3A Nobby Beach station
– “Golden Horizons” gives you a golden opportunity to invest in your future by collecting rental income, renovate and maybe sell a unit or two or seven, redevelop with many potential options or just build the home of your dreams opposite the beach

Auction to be held Sunday 25th July, 9.00am on site
Auction terms: $240,000 deposit, 90 day settlement
Current Rental Return: $2,300 per week (for units 2 to 6, units 1 & 7 currently vacant – refer to information pack for detailed tenancy information)
Potential Estimated Rental Return: approx $3,890 per week

Council Rates: approx $13,174.44 per annum
Water Rates: approx. $8,429 per annum (variable upon consumption)
Insurance: approx. $6,782.45 per annum

After 27 years the current owner says it’s time to sell, don’t miss this very rare opportunity as you might be waiting 27 years for the next.

Please refer to information pack for additional property photos. For more information contact Luke Henderson on 0409 599 507 or Andrew Henderson on 0438 691 972.

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.

Potential buyers should make their own inspections and enquiries and seek their own independent legal advice before signing a contract of sale, to satisfy themselves that all details relating to the property are correct.

Property ID: 1184405