$1,675,000

13 Bed  •  7 Bath  •  7 Car  •  1166m²

Main view of Homely block of units listing, 3-5 Twenty Fourth Avenue, Palm Beach QLD 4221
Floorplan of Homely block of units listing, 3-5 Twenty Fourth Avenue, Palm Beach QLD 4221
Second view of Homely block of units listing, 3-5 Twenty Fourth Avenue, Palm Beach QLD 4221
+11

Sold

3-5 Twenty Fourth Avenue, Palm Beach QLD 4221

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$1,675,000

  • 13
  • 7
  • 7
  • 1166m²

Block of Units Sold on Wed 12 Oct, 2016

What's around Twenty Fourth Avenue

Block of Units description

“Sold at Auction”

Commanding a rare double block in North Palm Beach, these two apartment blocks consisting of 6 x two bedroom units and 1 x one brm unit provide a readymade income whilst awaiting DA approval for future redevelopment. Occupying 1166sqm of land, the possibilities are endless and are awaiting your scope to build medium density (STCA) in arguably one of the hottest property markets in Queensland.

* Zoned RD5, great opportunity to redevelop and capitalise
* Continue to rent the properties whilst awaiting DA approval
* Currently receiving a rental income of $1805 per week
* Highly desirable lifestyle location
* 120m to beach, short stroll to shops, restaurants, transport options and entertainment
* Act now to secure your future - realistic seller will meet the market!
* Email or call for a comprehensive Information Memorandum




KEY DETAILS
Council rates:
3 Twenty Fourth Ave - approx. $4,118 pa
5 Twenty Fourth Ave - approx. $4,707 pa

Water rates:
3 Twenty Fourth Ave - approx. $467 pq
5 Twenty Fourth Ave - approx. $870 pq

Existing site comprises of the following:

3 Twenty Fourth Ave:
4 x 2bed/1 bath/1car strata title units (see floorplan)

5 Twenty Fourth Ave:
2 x 2bed/1 bath/1car strata title units
1 x 1bed/1bath/1car strata title unit

Other features

Property Type: Block of units

Building details

Area: 400m²

Land details

Area: 1166m²

Interactive media & resources

Third view of Homely block of units listing, 3-5 Twenty Fourth Avenue, Palm Beach QLD 4221View more
Fourth view of Homely block of units listing, 3-5 Twenty Fourth Avenue, Palm Beach QLD 4221View more

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3-5 Twenty Fourth Avenue, Palm Beach QLD 4221
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