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Sold
Block_of_units
SOLD on Oct 2023
$2,900,000
26 Francis Street, Mermaid Beach, QLD, 4218, Australia
6
3
3
405 m²
Nearest stations
Broadbeach South
1.1KM (13 mins)
About this Property
Seize an exceptional and highly coveted opportunity to acquire an entire block consisting of three strata-titled units in one of the Gold Coasts most exclusive and highly sought-after beachside locations.
Situated on a 405m2 land parcel with an expansive 14.5m* of street frontage, this north-facing property - just a stone's throw from the surf and golden sands of Mermaid Beach - opens up a multitude of opportunities. Whether you are looking for an investment property, landbank, or to redevelop, this dream location promises unparalleled potential.
Mermaid Beach stands as one of the Gold Coast's premier suburbs. Its tranquil coastal ambiance, vibrant sense of community, and easy access to amenities and entertainment make it an ever-enticing destination that will continue to grow in allure for those seeking a quintessential beachside lifestyle.
Property Specifications:
- Entire block of 3 strata titled units
- 3 x 2 bedroom, 1 bathroom, single lock up garage units
- Wide 14.5m* street frontage, 405m2 block
- Favoured Northerly aspect
- Each unit leased with tenants in place
- One of the most popular streets in Mermaid Beach, foot steps to the beach
- Adjoining 'Millionaire's Row' Hedges Avenue, close to the Mermaid Beach Surf Club, parklands, great cafes, award winning restaurants, the proposed light rail station and local shopping
Current combined rental income: $1,625 per week
Unit 1 - Lease expires 23/05/2024 currently paying $520 per week
Unit 2 - Lease expires 15/07/2024 currently paying $520 per week
Unit 3 - Lease expires 18/04/2024 currently paying $585 per week
Updated Rental Appraisal:
Unit 1 - Approx. $550 - $600 per week
Unit 2 - Approx.$550 - $600 per week
Unit 3 - Approx. $600 - $630 per week
Council rates: Approx. $2198.36 *half yearly, per strata
Water rates: Approx. $426.74 *per quarter, per strata
Building insurance: 2023-24 Approx. $4115.00 inclusive of GST
*denotes approximate figure
Disclaimer: The above information is accurate to the best of our knowledge; however, we advise that all interested parties make their own enquiries as we will not be held responsible for any variation that may apply to this information. 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
Situated on a 405m2 land parcel with an expansive 14.5m* of street frontage, this north-facing property - just a stone's throw from the surf and golden sands of Mermaid Beach - opens up a multitude of opportunities. Whether you are looking for an investment property, landbank, or to redevelop, this dream location promises unparalleled potential.
Mermaid Beach stands as one of the Gold Coast's premier suburbs. Its tranquil coastal ambiance, vibrant sense of community, and easy access to amenities and entertainment make it an ever-enticing destination that will continue to grow in allure for those seeking a quintessential beachside lifestyle.
Property Specifications:
- Entire block of 3 strata titled units
- 3 x 2 bedroom, 1 bathroom, single lock up garage units
- Wide 14.5m* street frontage, 405m2 block
- Favoured Northerly aspect
- Each unit leased with tenants in place
- One of the most popular streets in Mermaid Beach, foot steps to the beach
- Adjoining 'Millionaire's Row' Hedges Avenue, close to the Mermaid Beach Surf Club, parklands, great cafes, award winning restaurants, the proposed light rail station and local shopping
Current combined rental income: $1,625 per week
Unit 1 - Lease expires 23/05/2024 currently paying $520 per week
Unit 2 - Lease expires 15/07/2024 currently paying $520 per week
Unit 3 - Lease expires 18/04/2024 currently paying $585 per week
Updated Rental Appraisal:
Unit 1 - Approx. $550 - $600 per week
Unit 2 - Approx.$550 - $600 per week
Unit 3 - Approx. $600 - $630 per week
Council rates: Approx. $2198.36 *half yearly, per strata
Water rates: Approx. $426.74 *per quarter, per strata
Building insurance: 2023-24 Approx. $4115.00 inclusive of GST
*denotes approximate figure
Disclaimer: The above information is accurate to the best of our knowledge; however, we advise that all interested parties make their own enquiries as we will not be held responsible for any variation that may apply to this information. 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
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Daniel Donovan
Ray White Burleigh Group - MIAMI
+ 61 0431649784
Conner Malan
Ray White Burleigh Group - MIAMI
+ 61 0419706296
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More Details on 26 Francis Street, Mermaid Beach QLD
How many bedrooms and bathrooms does 26 Francis Street, Mermaid Beach have?
26 Francis Street, Mermaid Beach is a 6 bedroom, 3 bathroom block_of_units.
Who is the agency that listed 26 Francis Street, Mermaid Beach?
The agency who listed 26 Francis Street, Mermaid Beach is Ray White Burleigh Group - MIAMI - you can contact the agents here.
How many car spots does 26 Francis Street, Mermaid Beach have?
26 Francis Street, Mermaid Beach is a 3 car spot home.
How much is 26 Francis Street, Mermaid Beach?
The price of 26 Francis Street, Mermaid Beach is $2,900,000 - contact the agents to find out more.