119-121 Golden Four Drive, Bilinga QLD 4225

Set in a prime beachside location just one block from the pristine sands of North Kirra, investors are sure to want to snap up this property.

You can invest, occupy or redevelop this 506m2 site that sits in medium density zoning. The zoning allows for up to five levels of luxury development with 1-bedroom per 33sqm (subject to Council approval).

Currently, the site offers a block of three units on one title. The complex includes one 4-bedroom apartment with exclusive access to the rooftop terrace and a fully-fenced yard, one 3-bedroom, one 2-bedroom apartment, plus an additional studio that is not being leased. The current combined rental return is $1,610 per week, plus a potential $200 more if the studio is let. All units have their own laundry and there is a double lock-up garage.

- Unit 1 - 3 bedroom unit, first floor, leased at $480/week
- Unit 2 - 2 bedroom unit, ground floor, leased at $380/week
- Unit 3 - 4 bedroom, 3 levels, ocean view unit, currently leased at $750/week
- Studio - Empty. (could be attached to Unit 2 which would achieve an additional $200/week income : $94k )

This is a great chance to make the most of a prime development or investment opportunity. Keep the existing building and enjoy exceptional rental returns or develop this prime piece of real estate into luxury beachside apartments. The choice is yours!