18-20 Joy Avenue, Burleigh Waters, QLD 4220

18-20 Joy Avenue, Burleigh Waters, QLD 4220 Rare Double Block with exceptional holding income and development potential

UNDER CONTRACT

Boasting an exceptional blend of charm and potential, this unique corner block residence is an outstanding choice for families or savvy investors eyeing a substantial return, thanks to each self-contained unit within the property. Ideal for someone wanting to land bank a substantial piece of Burleigh Waters real estate and collect $2700 per week in rent with the option to develop with great value in the double block with dual frontages and approximately 63 meters of street frontage.

This property offers a rare opportunity in Burleigh, presenting a unique chance to secure an asset with such diverse opportunity to capitalise in one of Australia's most desired suburbs.

Just a short walk from cafes, restaurants and breweries, Burleigh Beach & National Park, James Street, various shopping centers, public transport, and a few minutes' drive from the Motorway, connecting you to Brisbane and Coolangatta Airport.

This Property will also benefit from the Gold Coast light rail currently under construction which will connect to the Gold Coast airport which has been a huge success for the Gold Coast moving forward.

Property Features:

? Sprawling 1095sqm North facing block

? Opportunity to develop

? 500m proximity to Burleigh Beach

? 150m from a local park

? 5 bedrooms and 4 bathrooms

? Accommodation for 4 cars

? 4 income producing apartments on 2 titles

Main House:

? 2 bedrooms plus study, 1 bathroom, and powder room

? 2-car automatic garage with internal access

? Dual living spaces and a spacious kitchen with stone benchtops

? Master and second bedrooms with garden views and built-in features

? Study overlooking gardens and pool

? Mosaic-tiled wrap-around undercover areas

? Double vanity bathroom with external access

? European laundry and skylight

? Intercom system

? Rental $850 per week

? Lease expiry 10/06/2024

Studio:

? High ceilings with open plan design

? Polished concrete floors and kitchenette bar

? Dual ceiling fans and built-in storage

? Separate bathroom, hot water system, and dual access

? Views of the pool and garden

? $650 per week

? Lease expiry 5/06/2024

Granny Flat 1:

? Kitchenette and separate bedroom with built-in robe

? Private courtyard and full bathroom with separate shower and tub

? Separate toilet, tiled living area with ceiling fan

? Abundant storage and separate entrance

? Rental $600 per week

? Lease expiry 6/6/2024

Granny Flat 2:

? Open plan layout with kitchenette and living area

? Bathroom with separate toilet, private courtyard

? Separate kitchenette & laundry, excellent storage

? Rental $600 per week

? Lease expiry 12/1/2024

Additional Features:

? 300L solar hot water system with electric booster

? NBN

? 5.5KW Solar Power

? Large in-ground saltwater pool

? Separate gate for boat or caravan parking

? Serene and peaceful location

? Proximity to beach, cafes, schools, and shopping centre's

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.