8/107 Hedges Avenue, Mermaid Beach QLD 4218

A rare opportunity to secure a unit in an older style absolute beachfront Hedges Avenue building. This prime positioned tightly held block, boasting one of Queensland's most esteemed addresses, 'Millionaire's Row' Hedges Avenue is not to be missed.
Set on the top floor of this two storey walk up building, this spacious apartment offers two bedrooms, open plan living and balcony with a north east aspect and glistening ocean views.
Only 8 units occupy the tightly held block, positioned on an irreplaceable 769m2 of beachfront land with direct access onto the golden sands of Mermaid Beach and fantastic potential for future redevelopment (STCA).
Currently rented to a good tenant, you can just sit back and watch what possibly could be your greatest ever investment maximise its value over time.
Live, dine and play in the Gold Coast's hottest and most sought after location. Enjoy daily strolls along the picturesque beaches, catch up with friends over a cool drink and meal at one of the many stylish bars and restaurants at your fingertips.
This sought after position also offers close proximity to world class shopping at Pacific Fair, Star Casino and the Broadbeach entertainment precinct, all within a few minutes' drive plus the added convenience of stage 3 of the G-Link due for completion over the coming years.
Features:
- Fantastic investment or lifestyle opportunity
- Top floor 2 bedroom, 1 bathroom unit
- North east aspect with ocean views
- Under cover car space plus storage room
- Highly sought after address adjoining multi million dollar homes on Hedges Avenue
- Tightly held building of only 8 units, set on 769m2 of beachfront land with fantastic future redevelopment potential (STCA)
- Direct access onto the beach and into the surf
- Close to cafes, restaurants and shops, positioned opposite St Johns Park
Rental income: Currently tenanted at $480 per week until 6th October 2022 (Please note owner occupiers cannot move into the property until after this date)
Council Rates: $6,762.70 per annum (approx.)
Water Rates: $1,451 per annum (approx. - variable upon consumption)
Body Corporate fees: $71 per week (approx.)
Contact Luke Henderson or Matt Maguire for a copy of the information pack or to register your interest today!

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.

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.