20 Molucca Avenue, Palm Beach QLD 4221

Builders, Developers, or Savvy Investors here is your opportunity to capitalise on a rare opportunity in booming Palm Beach. On offer are two freestanding houses on the one title, positioned on a functional 506m2 parcel of land. Prime location, walking distance to the pristine beaches of Palm Beach, Tallebudgera Creek, Currumbin Alley, Laguna Park, and several local trendy cafés & Restaurants.

Multiple options await the right buyer, you may choose to keep both homes, live in one home, and rent one out, lease both homes, or demolish and build your dream home. This prime southern end of the Gold Coast site offers a broad range of opportunities, suitable for dual living, redevelopment, or duplex dwellings, providing the potential for an excellent investment opportunity, favourable rental returns, while exploring the options to add value or further develop. An amazing location with proximity to all amenities, endless opportunities, amazing capital growth prospects. The choice is yours, make your move today.

* Land area 506m2*
* Zoned RD4 (Res)
* Functional parcel of land
* 300m* metres to the beach
* Highly sought after beach side suburb
* Fantastic East facing aspect to ocean/beach
* Retain the current dwellings, redevelop, or build your dream home
* The site offers residents proximity to multiple dining, shopping, fitness & entertainment precincts in one of the Gold Coasts trendiest beachside suburbs.
* Block dimensions Block Size ( 506m2 - 12.1 metres frontage / 12.1 metres rear / 40.7 metres in length )
* Current residences both leased - combined rental return of $1,335.00 per week ($70,460 per year) scope for potential rental increase on new lease agreements.

* Council Rates - $2,120 half yearly

Residence one - located at the front of the block - freestanding home.
Two generous size bedrooms with built-in robes
Updated spacious kitchen.
Timber floors throughout, open plan living areas.
Separate laundry, toilet, and bathroom
Updated bathroom
undercover outdoor entertaining area
Separate, private and a fenced yard with garden shed.
Single carport
Separate water and electricity meters

Residence two - located at the rear of the property - freestanding home.
Two storey home
Two generous size bedrooms with built-in robes
Open plan living
Kitchen and bathroom in good clean condition
Single garage with internal access
Private yard
Separate water and electricity meters

In an excellent location, short walk to Palm Beach, Currumbin Estuary, local restaurants, cafe precincts. In the catchment zone for Palm Beach Currumbin High School. Local Farmers Markets every Saturday. 10-minute Drive to Gold Coast Coolangatta International Airport. Leisurely walk to the new Palm Beach Shopping Centre, Pines Shopping Centre, Currumbin RSL, Sports Club and Palm Beach Surf Club.
For a detailed Information Memorandum please contact the exclusive listing agents Gavin Trewin and Sam Elliott or for more details by clicking on the link above.


Disclaimer:
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.
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. * denotes approximate measurements.