OFFERS ABOVE $8,000,000 – Closing end of AUGUST.
This is a unique opportunity to secure this premier redevelopment site set on 4 adjoining blocks totalling 2130sqm, all with substantial residential flats showing solid returns. Don’t delay as this outstanding property has been priced to sell.
Budds Beach is Surfers Paradise best kept secret only metres to the Main River and an easy walk to the beach and cafes, the light rail and Marriott Hotel are at your door step. Amalgamated over a number of years, 4 blocks with a total land area of 2130sqm with high density RD8 zoning (1 bedroom per 13sqm) unlimited height zoning with a current DA approval for 211 unit development over 45 levels, this is a great opportunity to secure an amazing development site with quality residential improvements showing solid gross income of close to $200,000 PA.
• Prime Budds Beach Redevelopment site
• 4 Blocks totalling 2130sqm
• Zoned RD8, unlimited height
• DA approval 45 levels (211 units)
• Previous DA 19 levels (108 units)
• Solid gross income of approx. $200,000 pa
• 8 Acacia Avenue – Block of 3 units – 539sqm
• 10 Acacia Avenue – Block of 4 units – 512sqm
• 25 Oak Avenue – Block of 3 units – 506sqm
• 27 Oak Avenue – Block of 2 units – 512sqm
Contact the Exclusive Marketing Agents to arrange an inspection.