38 Arthur Street, Mermaid Beach QLD 4218

Located just moments from the ocean, it's time to capitalise on a sensational property opportunity with enticing potential. Comprising of a block of three units, either add to your investment portfolio, redevelop this prime site or build your dream home - the choice is all yours!

Positioned on 405sqm of north facing land, the complex currently offers 2 x two bedroom units, 1 x one bedroom unit each with high ceilings and. All three units are in good condition and are currently rented (FAQ can be provided).

Location is king here, with the pristine golden sands and turquoise waters of Mermaid Beach within a short walk. Iconic "Millionaire's Row Hedges Avenue" is at the end of the street, plus enjoy dining out, drinks or delectable coffees from nearby popular cafes, restaurants and eateries.

Features:

• Sensational investment, development potential or knockdown and build your dream home
• 405m2 block with 3 units on one title
• Perfect north facing aspect with 2 x two bedroom units and 1 x one bedroom units
• 3 onsite parking accommodation for tenants
• Walking distance to the ocean, cafes, transport and popular restaurants
• Great investment / development opportunity (STCA) or knockdown and rebuild your dream home
• Moments away from local restaurants, cafes, Nobby Beach and Pacific Fair
• Combined new rental appraisal of $1,500 - $1,600 per week

Council Rates: Approx. $3,212.83 half yearly*
Water Rates: Approx. $950.91 per quarter*
Currently Rented at $1,070 per week

Disclaimer: The above information is accurate to the best of our knowledge; however, we advise that all interested parties make their own enquiries as we will not be held responsible for any variation that may apply to this information. 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.