20 Sunbrite Avenue, Mermaid Beach QLD 4218

Auction this Sunday 5th July, 2pm on site

Tightly held by the same owners for many years, these investors have decided it's time to move on - don't miss this fantastic opportunity to secure this prime piece of real estate at Auction!

If you have been dreaming of a life by the sea, here is your opportunity to bring your hard hat and hammer and build your dream beach abode. Situated approx. 150m to the golden sands and rolling waves in the highly sought after northern end of Mermaid Beach, this location is blue chip beachside real estate!

You'll never miss a beat in this sought after location with surf clubs, Pacific Fair, light rail and the cosmopolitan cuisine of Broadbeach all within a few minutes stroll of the front door.

North facing to the street on a 405m2 block, currently occupied by a block of 3 units - 2 x 2 bedrooms, 1 bathroom units and a 1 bedroom, 1 bathroom unit on a single title. Collect the rent with the triple income (currently $795 p/w), while you formulate plans for your dream beachside residence in one of Mermaid Beach's prime beachside streets.

Features Include:
- Block of 3 units on one title (2 x 2 bedroom units, 1 x 1 bedroom unit)
- Prime beachside opportunity - renovate into your dream home!
- 405m2 land area
- Single storey
- Off street parking for at least 3 cars
- Communal Laundry
- Sought after north facing street position with no unit blocks in direct vicinity
- Combined rental income of $795 per week
- So many options available to you
- Easy stroll to Mermaid or Kurrawa Surf Club plus local shops
- Under Instructions to be SOLD!

- Unit 1 (1 bedroom, 1 bathroom) currently rented for $275 p/w until May 2021
- Unit 2 (2 bedrooms, 1 bathroom) currently rented for $160 p/w until May 2021
- Unit 3 (2 bedrooms, 1 bathroom and private courtyard) currently rented for $360 p/w until May 2021

- Council Rates approx. $6,036 per annum
- Water Rates approx. $2,868 per annum

Offering so many financially rewarding possibilities, this property gives you the option to hold as the perfect investment or turn into your dream home in the ultimate of locations. Make no mistake, it's got to go - Make the call that could possibly change your life! Contact Luke Henderson or Matt Maguire today!

Auction Sunday 5th July, 2pm on site (if not sold prior!)

Due to State Government Legislative requirements, to bid at auction photographic ID is required for registration. The deposit is due to be paid immediately after the fall of the hammer on auction day unless other prior arrangements have been made.

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 only.