34 Heron Avenue

Mermaid Beach, QLD, 4218

  • 8bed
  • 4bath
  • 6car

Auction

Wednesday 4th Jul at 11:00am In Rooms: 16 Queensland Avenue, Broadbeach

Prime Blue Chip Beachside Corner Development Site

A rare and exciting opportunity exists to purchase a unit block on a prized North East facing corner block boasting a highly sought after beachside location just 250 metres from the sand and surf at Mermaid Beach. This outstanding offering provides a solid investment currently as a block of four 2 bedroom units returning $74000 per annum (approx) or endless scope for future redevelopment.


- 4 x 2 bedroom strata titled units
- 2 lockup garages plus 2 carports
- 541m2 block (approx)
- Block dimension approx 13.2m x 40.2m
- Prized North East facing corner block
- Beachside corner of Heron and Petrel Avenue
- Great investment returns (individually leased)
- Redevelop (subject to council approval) invest or land bank
- Insurance $1,823 per annum
- No body corporate fees
- Enviably located footsteps to the beach 1 minute walk
- Short level stroll to a vibrant selection of Nobbys eateries and shops
- Easy access to public transport


Unit 1
- Currently rented for $390 per week
- Lease expires 22/12/2017

Unit 2
- Currently rented for $390 per week
- Lease expires 11/01/18

Unit 3
- Currently rented for $340 ($420 - market rent) per week
- Lease expires 19/02/19

Unit 4
- Currently rented for $300 ( $420 - market rent ) per week
- Lease expires 19/02/2019


Committed investor seeking immediate sale, contract Andre Sharples for more information.