26 Francis Street, Mermaid Beach QLD 4218

Take advantage of this rare and highly sought after opportunity to secure an entire block of 3 strata titled units in one of Queensland's most exclusive and in demand beachside locations.

Set on a 405m2 block with a wide 14.5 metres of street frontage, this North facing property mere metres to the surf and sand of Mermaid Beach presents its new owner with many possibilities. Retain as an investment property and reap the weekly rewards, land bank for the future or redevelop the site; you simply can't go wrong in this dream location.

- Rare opportunity to purchase an entire block of 3 strata titled units
- 3 x 2 bedroom, 1 bathroom, single lock up garage units
- Wide 14.5m street frontage, 405m2 block
- Favoured Northerly aspect
- Each unit leased with quality tenants in place
- One of the most popular streets in Mermaid Beach, mere metres to the beach
- Adjoining 'Millionaire's Row' Hedges Avenue, close to the Mermaid Beach Surf Club, parklands, great cafes, award winning restaurants, the proposed light rail station and local shopping

Mermaid Beach with its tightly enforced height limits is one of the Gold Coast's most popular suburbs. The relaxed coastal vibe, strong community feel and access to conveniences and entertainment will make it a destination that will continue to grow in its desirability for buyers chasing the endless pursuit of lifestyle.

The location doesn't get much better than this! Your decision to purchase this property will reward you and your family for many years to come with exclusive "Millionaires Row" Hedges Avenue and the pristine beaches of Mermaid Beach at the end of your street and just moments to the Mermaid Beach Surf Club, world class shopping at Pacific Fair, Star Casino and some of the best restaurants and cafes the Gold Coast has to offer.

Council rates: $9,434.46 p/a approx. (This is the cost of rates of 3 separate investment units. Rates on an owner occupied home would be approximately half this price)
Water rates: $3,878.48 p/a approx. (The average water cost for a single home would be approximately half this price)
Building insurance: $2,360 p/a approx.
Rental income: Currently returning a total of $58,760 p/a with longest tenancy expiring August 2021

These opportunities are rare. If you miss this, we don't know when you will find another. Contact us today for a property information pack or to arrange your inspection.

Luke Henderson 0409 599 507
Andrew Henderson 0438 691 972
Matt Maguire 0437 002 952

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.