5 Keen Road, Molendinar QLD 4214

This is a magnificent opportunity to secure a blue chip property holding that boasts a 9477m2 allotment with a large 3 bedroom home which is in need of major renovations. Initial investigations with the Gold Coast Council and independent town planners indicate the site can be subdivided into two freehold blocks of land!

Option 1

Renovate the existing house or demolish and build your dream home and be left with almost 2.5 acres of secluded land all within 10km to the beaches of Surfers Paradise.

The house has great bones to work with however is in need of a major overhaul as it has extensive termite damage but a savvy buyer with the contacts and know-how could transfer the home into a truly magical residence. Features roaring high ceilings, spacious bedrooms, ensuite and second bathroom, separate double lock up garage and huge in ground swimming pool.

Option 2
Please see photo 5 which was a basic layout performed by the town planner to indicate how the block would be split.

Lot 1 would retain the existing house and 4,819m2 of land (Opinion of Market Value - $750,000+ if the house was renovated to a modern standard)
Lot 2 - 4056m2 (Opinion of Market Value of land lot 2 - $500,000 - $550,000)

Opinion of market value for both lots combined - $1,300,000)

There is potential to double the properties gross value (minus renovation and development costs)

This is a golden opportunity and will be snapped up quickly so don't delay, please book your private inspection today!

Disclaimer:
In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.