1, 2, 4, 7/2 Alexandra Avenue, Mermaid Beach, QLD 4218
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6 of 9 Units in Mermaid Beach's best Development Site

Adam and Tony Grbcic in conjunction with Troy Dowker from Kollosche are excited to offer this unique opportunity to acquire 6 of the 9 units within the Kundu Lodge Building, situated at 2 Alexandra Avenue, Mermaid Beach. The opportunity to purchase units 1, 2, 4, 7, 8 and 9 at 2 Alexandra Avenue, Mermaid Beach via an expression of interest campaign, closing on the 14 July 2022 at 12pm.

Situated on the corner of Alexandra Avenue and Hedges Avenue, the Kundu Lodge is perfectly located with a north easterly aspect which provides uninterrupted and never to be built out views over Mermaid Beach.

Situated within a small body corporate on a rare 761m2 land holding, the site could have great development potential in the heart of Mermaid Beach. Invest with holding income or land bank with a view to negotiating a full amalgamation with the balance 3 owners within a high growth blue ribbon suburb.

The future development (assuming the balance 3 lots are acquired) would benefit from a site comprising:

- A corner site with a total land area: 761m2*

- Zone: High Density Residential

- Height: Unlimited Height

- Density: RD8 (1 per 13m2)

A development study and concept have been completed which suggest (subject to purchase of the balance 3 lots) that the site could yield 27 Apartments over 15 Levels, which would offer; 3 x 2 bedroom apartments and 24 x 3 bedroom apartments. Concepts available upon request.

For more information on the property and to participate in the sales process, please contact;

Tony Grbcic: 0407 968 667

Adam Grbcic 0404 087 772

Troy Dowker: 0409 057 087

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Remember to mention you found this property on DevelopmentReady

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