42 Sarawak Avenue, Palm Beach QLD 4221

An exceptional opportunity for investors or developers, this single-level residential complex comprises three separate units and rests on a large 831m2 block in one of Palm Beach's most sought-after areas. With Medium Density zoning, it's just a stroll to the Farmers' Markets or PBC, gorgeous Currumbin Creek and acres of family-friendly parklands.

- Prime opportunity to secure a large development block to build brand-new
- Medium Density zoning offers exciting scope for duplexes or apartments STCA
- Single-level complex with three units in original condition, option to renovate
- Unit 1 is vacant it offers three bedrooms, large living area with air-conditioning
- Units 2 and 3 are vacant and each offer two bedrooms with built-robes
- Each apartment offers original kitchens, bathrooms and laundry facilities
- 2 x lock-up garages plus three carport spaces and ample off-street parking
- Renovate to generate healthy rental returns, multiple income streams
- Walk to PBC Sports Club, Rotary Park, Salk Oval and Beree-Badalla Reserve
- Just 3 mins to The Pines, close to public transport, 10 min walk to Palm Beach
- Water Rates: $1,166.72 per annum
- Rental Appraisal Lot 1:$650pw, Lot 2:$550pw, Lot 3:$500pw