3/11 Mermaid Avenue,
Mermaid Beach 4218, Queensland

This well-loved, expansive two-bedroom unit is now available for discerning investors looking to capitalise on the Gold Coast's development boom or savvy owner occupiers to bring fresh energy and creativity to this gem. Nestled in the heart of the Gold Coast, this property is ideally situated for a vibrant beach lifestyle. With the light rail station just 300 metres away and the stunning Gold Coast beaches within walking distance, convenience is at your doorstep.

Set within a block of just nine units on a substantial 1,108m² land parcel zoned RD8, this property boasts a high-density, unrestricted height limit for future development. The area is in high demand, making it a coveted entry point for buyers looking to invest in one of the most tightly held beachfront suburbs in South East Queensland. The location is unparalleled-just a short stroll to Australia's fourth-largest shopping centre, Pacific Fair, and the bustling dining and entertainment precincts of Broadbeach.

This large unit is perfect for a low-budget renovation project, but equally modern enough to be enjoyed immediately. The thoughtful floorplan includes a spacious living area, a separate dining room adjacent to the kitchen, and a north-facing balcony that floods the space with natural light. The good-sized kitchen provides ample opportunity for customization, while a separate laundry area offers the potential for a bathroom conversion. Both bedrooms are generously sized, complemented by an extra-large single lock-up garage, the only one in the entire block with internal access. Whether you're looking for a project to make your own or a strategic investment in Queensland's thriving beachside real estate market, this is one opportunity you can't miss!

Key features include:

- Low body corporate fees of approximately $67 per week
- Current rental income of $620 per week (owner-occupiers can move in at end of lease)
- Footsteps to the beach, light rail, and shopping amenities
- 2 Large bedrooms with built in robes
- 1 car space with internal access garage for one car
- Set within a block of just nine units on a substantial 1,108m² land parcel zoned RD8

Disclaimer: 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.
We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. * denotes approximate measurements.