Property Listings – QLD
*Indicative Only
*Indicative Only
1425 Gold Coast Highway, Palm Beach AUCTION AT KURRAWA SURF CLUB, FRIDAY 12 AUGUST AT 11:30AM Rare Palm Beach Development Site With Holding Income Tony Grbcic and Adam Grbcic, at Kollosche Commercial, are proud to present to the market, 1425 Gold Coast Highway, Palm Beach, Queensland. This is a rare opportunity to purchase a freehold, corner site which is currently occupied by a block of 7 units, providing strong holding income until development. Whether you are an investor looking for high-capital growth or a developer looking to either develop now or land bank, this site offers a great opportunity to secure a substantial parcel on the northern end of Palm Beach. This property will be sold via public auction, at Kurrawa Surf Club, Friday 12 August at 11:30am.
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The key attributes of the offering include: - Total land area 817m²*; - Existing residential block of 7 units, which provide a holding income; and The property comprises a two-level, older-style residential block of 7 units, which comprises: - 1 x 3 bedroom and 1 Bathroom unit; - 4 x 2 bedroom and 1 Bathroom unit; and - 2 x 1 bedroom and 1 Bathroom unit.
- Corner position which offers a 37-metre* frontage to Twenty Fifth Avenue and 20-metre* frontage to the Gold Coast Highway;
Tony Grbcic 0407 968 667 tony@kollosche.com.au Adam Grbcic 0404 087 772 adam@kollosche.com.au For more information, or to obtain full due diligence
Development Potential: - Zone: Medium Density Residential, - Height: 29 metres, and - Density: RD6
With the current growth on the Gold Coast, as well as the proposed light rail planned for Palm Beach in the coming years, this opportunity would suit both local and interstate developers. For more information, please contact the exclusive marketing agents Tony or Adam Grbcic.
*approximate
kollosche.com.au
86 – August / September 2022
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