720 Pacific Parade, Currumbin QLD 4223

YOUR NEW HOMESITE or STRATEGIC INVESTMENT ?

Aesthetically pleasing to the eye, 720 Pacific Parade Currumbin delivers an amazing coastal aspect incorporating golden sand, the iconic Elephant and Alley Rock, deep blue white water views and a sweeping panorama from Rainbow Bay to the city skyline of Surfers Paradise.

A premier lifestyle location and one of the most tightly held beachfront addresses on the Gold Coast.

Immersed in the charming village ambience and currently comprising of four income producing units on 1 title, while set perfectly on a larger than average level block 559m of protected erosion free land. Maximise the building footprint and utilise the full scope of the 56* metre deep building envelope to create an impressive statement on the beachfront landscape with a designer masterpiece or retain the two storey building for passive returns.

A choice of Currumbin's popular cafes is literally a meander away, where you can interact with friendly locals and enjoy the laid back vibe.

If you are a beach lifestyle enthusiast, you will love the close proximity to the still water estuary and " The Alley " for your daily dose of salt, sand and surf to enhance your wellbeing.

- Block of four income producing units on 1 tittle
- Current structure is 1960's circa and in original condition
- Three x 2 bed units and one x 1 bed unit over two levels
- Ripe for redevelopment, build a new beachfront masterpiece or luxury duplex pair**
- Flat level block 559*m protected from erosion, 10*m wide frontage
- Unobstructed coastal and ocean views with no allocated public car parking opposite
- Gross rental return $1,295 per week
- GCCC Rates, $4,458.39* (1 July - 31 December 2018)

The property is scheduled to go to auction on Saturday 3 November 2018, On-site at 12pm (if not sold prior)

Redevelopment under the current town plan is classed under Medium density residential, Zoned RD5 - 1 bed per 50m2 net site area with the building height 3 storey ( up to 15 metres). To satisfy your due diligence, we recommend calling Town Planning at Gold Coast City Council on 07 5582 8211 or consult a local town planner.

Disclaimer: 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.

* approximately
** Subject to council approval