Sold

382-384 Cypress Terrace North,
Palm Beach 4221, Queensland

4 bedrooms
2 bathrooms
2 car spaces
824m² land size
House

$2,800,000


RARE 824m2 DOUBLE BLOCK - LONDON OWNER REQUIRES IMMEDIATE SALE!

On offer is a superb redevelopment opportunity on a rarely available 824m2 site, just footsteps from the beachfront in one of South East Queensland's most highly sought after residential suburbs. Double blocks like this are few and far between, with development potential for up to five townhouses subject to council approval. This is an extremely rare opportunity to secure an excellent development site or massive blank canvas to build your dream home.

At present, the existing home is full of history and original charm and consists of a three bedroom home plus a fully self contained one bedroom unit connected to the main home plus original studio out the back. The opportunities are endless, you can build now or build later and land bank for future capital growth.

This site is perfectly located only a short stroll away from the beach. It is also located within walking distance to Burleigh Heads, local schools, shopping centres, dining and entertaining precincts, boat ramps and public transport, 382-384 Cypress Terrace North has it all. Be quick to inspect this opportunity of a lifetime as it absolutely must be sold!

• Overseas owner is serious about selling and requires urgent sale
• 824m2 of prime beachside land making for the ultimate development site or location to build your dream home
• Massive rarely available double block site in this highly coveted location
• Build now or build later and maintain a strong rental return
• Current original home is full of character and consists of 4 bedrooms, 2 bathrooms, office, studio and 2 car accommodation
• Golden opportunity for someone looking to build, develop, invest or landbank
• Perfectly located only 300m from the beach and walking distance to Burleigh Heads, local schools, shopping centres, dining and entertaining precincts, boat ramp and public transport
• Sensible overseas owners invite your inspection and will consider all offers prior to auction
• This is a golden opportunity that will not last long - Act quickly!


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

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.

Explore the area


School catchments

  • Palm Beach State School Primary Prep-6 Government 0.42km
  • Burleigh Heads State School Primary Prep-6 Government 2.5km
  • Elanora State School Primary Prep-6 Government 2.7km
  • St Andrews Lutheran College Combined Prep-12 Independent 3.3km
  • Marymount Primary School Primary Prep-6 Catholic 3.4km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.


Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.


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