6/11 Mermaid Avenue, Mermaid Beach QLD 4218

This spacious two bedroom unit in a solid well built and well maintained block of 9 units, has a low body corporate, on a large 1,108m2 parcel of RD8 unlimited height zoned land. It's low budget living in one of the most affluent beachside locations on the Gold Coast.

Large open living and a big spacious floor plan, a retro galley style kitchen. The original interior décor has had a touch-up over the years. Big master and spacious double bedrooms. Bathroom and laundry have been renovated. The chance to renovate and add potential value through your artistic flair for interior design, and re-sell back into the same market is an option. You could turn this unit into a magnificent place to live, capitalise and profit from or do a low budget make-over and put into the rental market for a nice passive income to realise its maximum return. Let our property management team look after and nurture your investment, all you need to do is just watch your investment grow.

As an investor, you become a stakeholder in the exclusive Mermaid Beach market. Famous for its lower density beachside living and convenient laid back lifestyle right in the heart of the Gold Coast. You are 300m to the beach, a five minute walk into Broadbeach restaurant precinct. 100m to Pacific Fair, walk to the Casino, walk everywhere, sell the car. You won't need one living here. You have a light rail station only a stone's throw away giving you access to the northern Gold Coast and now into the next stage to Burleigh Heads.

This big rough diamond is sitting in the middle of a gold field, in the heart of the Gold Coast. Hidden in plain sight in one of the most active and tightly held locations for new development and infrastructure on the beachside of the Gold Coast Hwy, this is an investment that will keep giving and giving.

Overall, a good solid investment in a high rental area, and a great convenient place to live, move in or renovate.

• Council Rates Approx. $4,619 per annum
• Water Rates Approx. $1,183 per annum
• Rental Income $550 per week until 03/04/24

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.