16 Seagull Avenue, Mermaid Beach QLD 4218

You'll regret missing this one! Renovate or build your dream home here!

Perfectly positioned in arguably the most sought after pocket in Nobby Beach and set on a 405m2 block with wide 12.5m street frontage, this unique property comprising of 2 units on separate titles is ripe for the picking!

Whether you renovate into your dream home and live the beachside lifestyle for yourself or land bank for the annual returns, this blue-chip property offers many options and financially rewarding possibilities in ever popular Nobby Beach, often seen as a capital growth hot spot for the future.

Unit 1 on the ground floor offers 2 bedrooms, 1 bathroom with a courtyard and off street car parking. Unit 2 features 3 bedrooms plus a study and a large downstairs rumpus room. This unit is also complete with an undercover carport for two vehicles.

Life's a dream when you live at Nobby's! Imagine this... Begin your day with a coffee and breakfast at one of the neighbouring cafes and a leisurely stroll along the beautiful patrolled beach, located less than 200 metres away.

The kids and dog will love popular Lions Head park, conveniently located just at the end of the street - the setting of many of your family picnics to come! You'll also love the close proximity to the kids Nipper program at Nobby Beach Surf Club!

Catch up with friends over a cool drink and evening meal at the at one of the many stylish bars and restaurants at your fingertips - this is what the Nobby's lifestyle is all about!

This sought after precinct also offers close proximity to world class shopping at Pacific Fair, Star Casino and the Broadbeach entertainment precinct, all within a few minutes' drive.

Features:
- Own the entire block - 2 units on separate titles
- 405m2 block with wide 12.5m frontage
- Prime beachside opportunity - renovate into your dream home!
- Alternatively, live in the upstairs unit and rent out the ground floor for additional income!
- Blue chip investment for your portfolio
- Double undercover carport plus additional off street parking
- Grassed yard at rear of property
- Highly sought after location
- Popular Lions Head Park at the end of the street
- Short stroll to stylish bars, restaurants and boutiques of Nobby's
- Stones throw to the beach, Nippers for the kids at Nobby Beach SLSC and BSKT cafe

Council rates:
Unit 1 - $2,760 per annum (approx.)
Unit 2 - $4,790 per annum (approx.)
(Please note, if converted to an owner occupied house, rates would reduce to approx. $3,900 per annum)

Water rates:
Unit 1 - $1,295 per annum (approx.)
Unit 2 - $1,320 per annum (approx.)

Rental income:
Unit 1 - Currently tenanted at $365 per week until November 2020
Unit 2 - Currently tenanted at $460 per week until January 2021
Combined rental income: $42,900 per annum (approx.)

Properties of this calibre in this location are rarely available and procrastination will lose you this quality beachside opportunity. For further information or to arrange your inspection, contact Matt Maguire.

Potential buyers should make their own inspections and enquiries and seek their own independent legal advice before signing a contract of sale, to satisfy themselves that all details relating to the property are correct.