115 Petrel Avenue, Mermaid Beach QLD 4218

This substantial home has 3 separately metered units under the one roof on 1 title and offers a rare opportunity for anyone looking to secure beach side position in Mermaid beach. Rarely will you ever find an opportunity of this nature in this one of a kind location. Offering exceptional rental income and future development potential, this large two storey House consists of three apartments. Providing excellent rental returns this is a very unique opportunity to invest in tightly held street.Only 250m walk to one of the most pristine beaches in the world, cradled by two hilltop point look outs, perfect for those stair runs, great surf, or simply a morning stroll. - 3 units under one roof offering separate entrances, see floor plans and 3D walk through attached- Upstairs to the front offers a 1 bedroom, 1 bathroom space with 2 separate entrances- Upstairs to the rear offers a 1 bedroom, 1 bathroom space with 1 entrance- Downstairs offers a spacious 2 bedroom, 2 bathroom Air conditioned space with living/dining opening out to the pool area- In ground pool- Rental income for the two 1 bedroom units is approximately $320 - $370pw each- Rental income for the 2 bedroom unit is approximately $450 - $500pw- Enhance your well-being every day with a therapeutic surf or dip in the ocean - A short 5 minute bike ride to the popular Nobbys beach cafs and restaurants.- 5 minutes by car to the Casino and pacific fair shopping centre Every day is a precious memory when you experience the lifestyle pleasures with the sun, sand and surf.Sellers seeking offers of interest, the sellers are looking for an immediate sale either prior to or under the hammer. We look forward to showing you this once in a lifetime investment property.