Quaint Beach Cottage in the Heart of Mermaid Beach providing a Boutique Development Opportunity
Quaint Beach Cottage Providing a Boutique Development Opportunity.
12 Markeri Street, Mermaid Beach, is a rare offering and an exciting opportunity to build multi-storey apartments, a boutique hotel or townhouse development, or home/office right in the heart of the Gold Coast.
Within a direct line this properties position is unrivaled. Walking distance to everywhere, 400 metres to the golden sands and surf of Mermaid Beach, 100 metres to the future proposed Mermaid Beach Light Rail Station and a plethora of shops, cafes and restaurants and bars.
Mermaid Beach is one of the Gold Coast's most sought after suburbs and is located directly in the heart of the Gold Coast; five minute's drive south will find you in Nobby's Beach, Miami or beautiful Burleigh Heads. Directly north, is the Broadbeach precinct which includes the $1 billion Star Casino, Convention Centre, Pacific Fair Shopping Centre and various hotels, restaurants and bars. Ten minute's drive west will take you directly to Robina, Cbus Stadium, Metricon Stadium and the M1 motorway and heavy rail train stations.
Currently there is a modern renovated beach cottage with 3 bedroom 2 bathrooms on site which has been appraised to rent out at over $700 PW. with an annual return of $36,400 or 3.4%.*
This property presents in outstanding condition and with its direct street appeal and exposure it could also be the perfect location and space to run a home business.
The rare 50 metre site length, RD5 zone, along with precedent of the Turtle Bay Resort (directly next door) and 'The Park' - a 7 storey apartment complex (directly opposite), make this an enticing opportunity for a boutique project.
This is a truly unique offering, one with unlimited potential and endless possibilities.Get in touch today to make this exciting opportunity yours!
Rates: $1097.73* - half yearly
Water: $421.85* per quarter
Rental Appraisal: $675-$725* per week
*Any development will be subject to council approvals (STCA), any images or plans provided are for conceptual purposes only.
*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.