SOLD By The Jared Malan Team

This property was sold at Auction by Jared Malan

Registered Bidders: 6
Enquiries: 46
Days on Market: 37

For strategic advice on your next sales campaign, call Jared Malan on 0420 602 936

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Blue-Chip Beachside Investment with Immediate Income and Development Potential

Combining an unbeatable coastal location with immediate income and compelling future development upside, this is the blue-chip investment opportunity you've been waiting for. Situated just 180m from the beach and 450m from Tallebudgera Creek (approx.), the prime 549m2; corner allotment hosts a classic tri-level brick unit block. Comprising six individually leased two-bed one-bath apartments on one title, they deliver an impressive gross rental income of approx. $205,000 per annum. Adding another layer of appeal, the high-density site presents significant longer-term redevelopment potential, with scope for four townhouses or a
medium-rise development (STCA).

Equally enticing is the lifestyle-rich location. Stroll to tranquil Tallebudgera Creek to SUP, fish or kayak or swap the still waters for the nearby surf. Local cafes, parks, sporting amenities and Tallebudgera SLSC are also within walking distance, plus cross the bridge to connect with the scenic trails that meander through Burleigh Head National Park. The vibrant dining and shopping precincts of Palm Beach and Burleigh are just a short drive away too, with Gold Coast Domestic and International Airport approx. 15 minutes by car.
Whether retained for its strong income stream or held for future gain, this is your rare chance to secure an established income-producing asset with lucrative development potential. Don't delay, inspect today!

Property Specifications:
• Outstanding investment opportunity in an unbeatable coastal location, underpinned by strong capital growth and development potential
• Entire classic brick unit block spanning three levels, offered for sale on one title
• Prime 549m2; corner allotment just 180m from the beach and 450m from Tallebudgera Creek (approx.)
• Complex comprises six individually leased 2-bed, 1-bath apartments with shared entry balconies, a single garage plus off-street driveway parking
• Two apartment configurations - Type A approx. 103m2; and Type B approx. 125m2;
• Fully leased investment delivering approx. $205,000 gross income per annum
• High-density site presenting significant future redevelopment potential, with scope for four townhouses or medium-rise development (STCA)
• Exceptional opportunity to secure an income-producing asset with compelling longer-term development upside
• Along with being walking distance to surf beaches and stillwater Tallebudgera Creek, stroll to local cafes, parks, sporting amenities, Tallebudgera SLSC and Burleigh National Park
• Short drive to Palm Beach and Burleigh's vibrant dining and shopping precincts
• Approx. 15 min drive to Gold Coast Domestic and International Airport

Explore the area

School catchments

Palm Beach State School Primary Prep-6 Government 1.1km
Burleigh Heads State School Primary Prep-6 Government 2.0km
Marymount College Secondary 7-12 Catholic 3.1km
Marymount Primary School Primary Prep-6 Catholic 3.2km
Elanora State High School Secondary 7-12 Government 3.3km
Elanora State School Primary Prep-6 Government 3.3km
Caningeraba State School Primary Prep-6 Government 3.5km
St Andrews Lutheran College Combined Prep-12 Independent 3.6km
Palm Beach-Currumbin State High School Secondary 7-12 Government 3.6km
Currumbin State School Primary Prep-6 Government 4.4km
Miami State High School Secondary 7-12 Government 4.8km
Varsity College Combined Prep-12 Government 5.2km
Tallebudgera State School Primary Prep-6 Government 5.3km
Mastery Schools Australia - Varsity Lakes Campus Combined Independent 5.3km
Mastery Schools Australia - Varsity Lakes Secondary Temporary Facility Secondary Independent 5.3km
St Augustine's Parish Primary School Primary Prep-6 Catholic 5.5km
Arcadia College - Varsity Lakes Temporary Facility Secondary Independent 5.6km
Miami State School Primary Prep-6 Government 5.7km
Gold Coast Christian College Combined Prep-12 Independent 6.0km
Hillcrest Christian College Combined Prep-12 Independent 6.3km
King's Christian College Combined Prep-12 Independent 6.4km
The Industry School - Gold Coast Secondary 10-12 Independent 7.3km
Merrimac State High School Secondary 7-12 Government 8.1km
Silkwood School - Robina Campus Combined Independent 8.3km

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.

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