North Facing Home with Huge Potential and Great Position

New to market is this fantastic 3 bedroom brick and tile family home, situated on the door step of world-class shopping and dining at the Gold Coast’s famous Pacific Fair Shopping Centre.

Built on a larger 612m2 land, the property offers incredible potential. The possibilities are endless demolish and build your dream home or keep and retain as a fantastic investment.

There is also the opportunity to redevelop the property as a duplex subject to Council approval, as the site is Council zoned “Medium Residential” – RD3 (1 duplex dwelling per 250m2). Redevelop and effectively double your rental income, or live in one and rent out the other!

Currently:
– 3 Bedroom Family Home
– 612m2 land area
– Medium Residential Zone – opportunity to develop into a duplex (STCA)
– Exciting renovation project or build your own dream home
– Desirable north facing aspect
– Inground Pool and Grassed Yard
– Solid brick and tile construction
– One of the best locations in Mermaid Waters, directly opposite Pacific Fair
– Currently rented for $500 per week

You simply won’t find a better Mermaid Waters location, across the road from Pacific Fair and walking distance to the South Broadbeach light rail station which will soon extend all the way to Burleigh Heads in the south. Enjoy close proximity to plenty of local parklands, schools and the Broadbeach Library, as well as restaurants, cafes and of course, those famous Mermaid/Broadbeach beaches are less than 1 kilometre away.

Council rates: $2,645 per annum (approx. as investment)
Water rates: $2,617 per annum (approx.)
Rental income: Currently tenanted at $500 per week (periodic lease)

Long term owner keen to sell and properties this close to Pacific Fair don’t last long.

Call Matt Maguire or Andrew Henderson today to book your private inspection or request a property memorandum.

Potential buyers should seek their own independent Council and town planning advice, 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: 1153129