An exceptional opportunity in an exclusive beachside enclave, this prized 405m² parcel offers lucrative potential for developers, investors and lifestyle buyers alike. Poised a mere 100m from the beach and 250m from the vibrant Nobby Beach cuisine scene, it's also meters from the Gold Coast's most expensive streets Hedges Ave and Albatross Avenue. Treasured by one family for almost 25 years, we have clear instructions for this property to be sold, don't miss out.
Zoned Medium Density Residential with a 15m height limit and the larger 12.4m frontage, explore your options for a boutique apartment project, a luxurious multi-level home, high-end duplex or simply land bank for future return "STCA". While you explore your options, take advantage of the two well-presented strata titled 3-bed, 2-bath, 1-car single level apartments that currently grace this site. Tenanted, they deliver immediate combined income of $1,800 per week "$93,600 P/A"- with scope to increase - making this an enticing income-producing asset.
Tenants paying $900 each per week, current market value is estimated $1100-$1200 per week, the buyer has immediate scope to increase upon renewal of leases providing a possible $20,800-$31,200 per annum upside on the current return, with rents in the area showing no signs of slowing.
Situated in a sought-after setting, this location fuses laidback coastal living and convenience. Greet each day with a sunrise surf or beach stroll, followed by an organic breakfast at BSKT Café, only 400 metres away. Any time is a good time to sample the artisan shopping and dining at the lively Nobby Beach precinct. Local favourite, The Oxley, offers everything from gourmet groceries to authentic gelato, seafood feasts and international couture. Additionally, benefit from seamless connectivity, with ample public transport options and the future G-Link light rail, and the proximity to Pizzey Park, Miami Marketta and the Mermaid Beach dining strip. Pacific Fair and The Star Casino are 3.5km away, with frequent flyers sure to appreciate being only 15.5km from Gold Coast Airport (approx.).
Opportunities of this calibre are increasingly rare. Capitalise on the prime location, possibilities and lifestyle and secure your future in one of the Gold Coast's most desirable beachside communities. Inspect today!
Property Specifications:
•Lucrative opportunity for developers, investors or buyers craving coastal living in an outstanding location; 100m from the beach, 250m from the vibrant Nobby Beach lifestyle precinct
•405m2 block, larger 12.4m frontage, zoned Medium Density Residential
•Ideal site for boutique apartments, a high end duplex, luxurious multi-level home or land bank for future lucrative growth "STCA"
•Residential density (RD5): 15m height limit, 1 bedroom per 50 sqm, standard allowance: 9 bedrooms with possibility of up to 12 bedrooms if plans/designs meet compliance (STCA)
•Currently the site hosts two well-presented strata titled 3-bed, 2-bath, 1-car residences with one secure garage and off-street parking
•Tenanted, providing immediate rental income while you explore your options
•East facing shared backyard for outdoor entertaining
•Unit 1: 175m2; Unit 2: 167m2 - total footprint of 342m2
•Current dual rental return of $1800 per week, with scope to increase to $2200-$2400 per week on renewal
•Coveted suburb, home to the Gold Coast's most expensive streets, Hedges Ave and Albatross Avenue
•Desirable lifestyle in a location offering laidback coastal charm and convenience
•Ample public transport, including the upcoming G-Link
•Also close to Pizzey Park, Miami Marketta and Mermaid Beach cuisine scene
•3.5km to Pacific Fair and Star Casino, 4.5km to Burleigh, 15.5km from Gold Coast Airport (approx.)
UNIT 1 Current Rent: $900 per week Lease End: 14/06/2026
Rental Appraisal: Approx. $1100-$1200 per week
UNIT 2 Current Rent: $900 per week Lease End: 29/05/2026
Rental Appraisal: Approx. $1100-$1200 per week
•Council Rates: $ 5,994.28 per 6 months
•Water Rates: $ 542.44 per quarter
This location continues to be one of the Gold Coast's most sought-after. A versatile property that works as a home, investment, or future project, all in a location that delivers year-round lifestyle appeal.
AUCTION - On-Site Friday 23rd January, 2pm, "if not sold prior".
Exclusively listed by Tolemy Stevens of Coastal - Luxury Beachfront Specialist.
www.tolemystevens.com.au
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.
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Denotes approximate figure, boundary lines indicative only
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