Rare opportunity to secure a Unit Block in the High Density Residential Precinct of Surfers Paradise generating a rental income of approximately $100,000 per annum with excellent potential for future redevelopment.

Walking distance to the beach and only 100 metres away to the Light Rail at Florida Gardens Station. Excellent location in the corridor between bustling Broadbeach and the heart of Surfers Paradise.

‘Monte Carlo Lodge’ is a 3-level building of solid brick construction, comprising 6 separate apartments with 5 x 2 bedroom apartments and 1 x bedroom apartment which all have secure leases in place. Zoning is ‘High Density Residential’ in an area designated with no building height restrictions (HX) under the Gold Coast City Plan Building Height Overlay Map. It would therefore be possible to construct a low to medium rise apartment building on this site (subject to GCCC approvals) and capture the ocean views and stunning skyline of Surfers Paradise and Broadbeach.

Multiple opportunities exist for the savvy developer or investor in a booming precinct with major projects currently under construction in the area.

Features of this property include the following: -

~ Block size 809 sqm
~ North facing building ‘Monte Carlo Lodge’
~ High Density Residential Zoning
~ Strata Title with 6 separate apartments
~ 3 level walk up building
~ 5 x 2 bedroom apartments
~ 1 x 1 bedroom apartment
~ Secure private parking for all units
~ 100 metres to the Light Rail Station
~ 5 minute walk to the beach
~ Combined rental income approx. $100k per annum

Highly motivated Vendor. Please contact the agent Peter Jarmer on: 0423 009 843 for further information.