7 Sunbrite Avenue, Mermaid Beach, QLD 4218

ONE OF THE LAST DOUBLE LOTS IN MERMAID BEACH - less than 100M back from the beach.

'RARE AS A HEN'S TOOTH' - BLOCK OF SIX UNITS on 809M2.

Approx.15m off Hedges Ave.

These beachside locations are becoming rarer, and rarer, and yes, they sell quicker than any other location in Australia. (Under-100 meters to the beach!)

To have this site now become available for the first time in over 50-years is extremely fortunate for those geared up to purchase before the next big price hike. This single ground level block of units is composed of 4 X 2-bedroom/1-bath units and 2 X 1-bedroom/1-bathroom units. All tenanted out, all with a single U/C carpark.

Sitting in Gold Coast's favourite family beachfront strip in the Gold Coast's most popular beachside suburb of Mermaid Beach, this location to live, invest, or holiday in, is like 'downtown Las Vegas to a gambler'.

If wanting to invest in the heart of the new social shopping and entertaining hub of the Gold Coast. It is the elusive, convenient beachside lifestyle all Aussies dream about. Where everything is at your feet, with stress-free, low-maintenance, beach-side lifestyle.

ON OFFER.

RPD LI- 6 GTP157

Title Indicator - No More Titles

LA - Gold Coast City

Property ID/V0 - Number - 00181070000000

Fee Code - Freehold

Owner Code - Proprietors

With homes now selling at the $5-Million-dollar mark or more, Penthouses selling for up to $17 plus-million plus, high-end Villas selling for up to $3.5 to $4,000,000 plus, (with no view) with the potential to go to 15 meters (STCA). The location is a blue-chip investment all the way with potential for decent profit. Currently producing holding income of approx. $195,000 p.a.

Built in the late 70's early 80's this block of units has seen the coastal beachside strip develop at an incredibly fast rate compared to other regional geographical locations throughout the eastern seaboard of Australia, seeing it develop into Australia's newest city and tourist Mecca. Develop-ed from a beachside strip of dirt roads and beach cottages to the last remaining residential family low-med. density zoning beachside suburb from Main beach to Coolangatta, the future of Mermaid Beach is looking like one of the most exciting suburbs for growth in the next 5-10 yrs.

Beachside property is only becoming more scarce and in demand, pushing future prices through the roof as we have seen in the past.

It is now time for 7-9 SUNBRITE AVE to be re-developed with the potential to build 6 - 8 + multi-million-dollar family size luxury high end apartments (STCA) to fall in line with the affluent and modern architecture that is now redefining Mermaid Beach as the preferred beachside area for family beachside living.

With the Low level 15m height restrictions buyers are preferring to spend a bit more being out of the shadows of the more high- density locations that have been squashing 20 to 30 odd level high rises on every corner, further cementing this as the idyllic beachside opportunity

RETURNS:

The current annual return potential is on average $700.00 to $750.00 for a 2-bedroom unit in the area, and approx. $500.00 to $550.00 for a one-bedroom unit in the area.

Take the lower range of the rent at $700 (2-bed,) and $500.00 (1-bed) p/wk.

$3,800 p/wk. x 52 = will return approx. $195,000.00 p.a. gross

Little maintenance required and a healthy sinking fund, this is a great investment in this extremely popular beachside pocket of the central Gold Coast.

Just a 2-minute walk to the beach! These beachside double block

locations are becoming extremely rare. There may also be the opportunity to purchase the neighbouring 405M2 lot.

Contact Simon 0413 198 357.

Disclaimer: 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.