1 Glyn Street

Benowa Waters, QLD, 4217

  • 6bed
  • 3bath
  • 2car

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UNDER CONTRACT

Attention Builders, Developers & Savvy Investors -a rare DA approved boutique development is offered to the Benowa Waters market. The opportunity to build a new 3 level luxury home with the bonus of a substantial home to live in or with a fantastic holding income are rare, unique and not to be missed!

Existing Dwelling 1 - A large 3 level property with 6 bedrooms and 3.5 bathrooms in total plus an office. The home enjoys an elevated position with water views and Surfers Skyline Views. The property enjoys a spacious kitchen with plenty of storage is plenty of scope to add value to this property through a cosmetic upgrade internally. The home allows for the lower level to be rented separately, achieving $300 - $350 approx. per week. Levels 2 & 3 have an estimated rental income of $550 - $600 per week.

Proposed Dwelling 2 - DA approved for a unique luxury home sprawling across 3 levels, offering fantastic skyline and water views from the middle and rooftop levels. This generous 330 sqm floorplan will be completely detached from the existing home with its driveway and entry off Dunkeith Ave. The home will feature multiple living areas across 3 levels with a large rooftop and alfresco area, capturing views and coastal breezes. This dual occupancy development will be eligible for separate titles once completed with no body corp fees applicable. DA approved plans are available upon request.

Investment Information Rental:

- Existing property holding income estimate $850 - $950 per week
- Proposed 3 level home rental income estimate $850 - $900 per week

Investment Information Sales:

- Existing 3 level home estimated sales price as is $650,000 - $700,000 or higher if renovated (based on current market conditions)
- Proposed 3 level home estimated sales price at completion $950,000 - $1,000,000 (based on current
market conditions)

Existing Property Features:

- 6 bedrooms + 3.5 bathrooms
- Large Media/rumpus room
- Spacious well-appointed kitchen
- 3 bedrooms, bathroom and living on the ground floor with separate entry - Dual living
- Large sunroom and additional bedroom or study on middle level
- 3 bedrooms on second level, main with ensuite and an extra bathroom

Proposed New Dwelling:

- 4 bed + 2 bath + 2 powder rooms
- 3 levels with captivating views from the rooftop
- Multiple living areas across the 3 levels
- Contemporary external character with great street appeal
- Lower level features 3 bed, living, bathroom, laundry and double lock-up car accomm
- Middle level features huge master with walk through robe and designer ensuite
- Middle level boats large designer kitchen, living, dining, separate study and alfresco deck
- Top level has an enviable rooftop alfresco, spacious rumpus and powder room

Don't miss this rare opportunity to secure this development site in Benowa Waters. Please call Mark or Skye to find out more about this exciting opportunity.

This development is conveniently located near Benowa Gardens Shopping Centre, Pindara Private Hospital and the popular Benowa Schools and St Kevin's Primary.

The Botanical Gardens is located just a short walk from this property, consisting of 31 hectares of parks, children's play area, leash free dog park, beautiful gardens and natural billabongs, making the Botanical gardens a popular destination for locals and visitors.

Benowa Waters enjoys a prime position, being approx. 10 minutes' drive to Surfers Paradise and Broadbeach and is home to some of the best schools, shops and Private Hospital on the Gold Coast. This suburb has realised strong growth across the past few years and is on the top of the list for many local and interstate buyers.

Disclaimer:

In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate but 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 enquiries to verify the information contained herein.