Explore the widespread potential of this land parcel in the heart of tightly held Main Beach, which presents a rare and highly lucrative opportunity for investors and developers.
The 562m2* level block is set less than 400m* from patrolled beaches and the vibrant Tedder Avenue precinct and houses an original brick and corrugated metal complex of four apartments.
Existing tenancies means the site holds dual value – a level of holding income plus exceptional redevelopment prospects.
The dwellings consist of one three-bedroom and three two-bedroom apartments that have been well-maintained and have functional layouts that feature open-plan living, balconies or patios and off-street parking.
With a south-facing street aspect and surrounded by premium residential towers, the site lends itself to a future mid to high-rise residential development, subject to council approval.
Given its blue-chip location and proximity to the beach, Broadwater and marina, the property also holds significant appeal as a land banking opportunity.
Whether attained for the medium term or fast-tracked for development, it presents a rare chance to acquire a site with scale, income and long-term capital growth potential in a suburb undergoing extensive regeneration.
The Highlights:
- Original apartment block with extensive redevelopment potential
- 562m2* level block, south-facing aspect to the street
- Less than 400m* to beaches, 80m* to Tedder Avenue restaurants, cafes, retail; plus, proximity to marina, yacht club and other luxury lifestyle precincts and amenities
- Excellent land bank opportunity with scope to improve the block with a mid to high-rise development project, subject to council approvals
- Already existing on the site is an original brick and tile block of apartments; two apartments currently tenanted, offering income-earning potential while plans go through the DA process
- Apartments consist of a three-bedroom and three two-bedroom apartments; one is split across two levels
- All apartments feature open-plan kitchen, living and dining areas, a patio or balcony; bathroom, laundry and a dedicated car space; three-bedroom apartment master bedroom has an ensuite
- Main Beach is a vibrant and tightly held coastal suburb, favoured for its unique position surrounded by the beach, the Broadwater and Main River. A patrolled stretch of sand and surf is less than 400m* from the doorstep, while Narrowneck Park, a lush beachfront park, is also only a short stroll. Tedder Avenue lifestyle precinct, which offers an array of dining, shopping, beauty and wellness venues, is just 80m* away, while the luxury retail destination of Marina Mirage, currently undergoing a $500 million upgrade, is approximately 2km away. Other popular attractions, including Southport Yacht Club and SeaWorld, are also within 2km. Proximity to the Gold Coast Highway and convenient public transport options facilitate easy travel north or south.
Do not miss this exceptional development opportunity in a blue-chip suburb – contact Taylor Kleinberg on 0447 466 177.
Disclaimer: This property is being sold 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.
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.
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