1/25 Heron Avenue

Mermaid Beach QLD 4218

This exceptional block of apartments, situated on a 558m2 site just steps from the sand and surf at Mermaid Beach, offers a rare opportunity to invest in one of the Gold Coast's most prestigious suburbs. The property consists of four single-storey units, providing a prime location that grants residents a highly sought-after walkable lifestyle. With patrolled beaches, cafes, and various dining options just moments away, this blue-chip address is ideal. All existing units are currently tenanted, offering the new owner the option to land bank while earning a holding income until they are ready to fully develop the site's potential.Development approval (DA) has already been secured for a boutique multi-level project designed by renowned Gold Coast architect Shane Denman, known for creating some of the most stunning and bespoke properties in the region's beachside suburbs. The proposed contemporary design includes two four-bedroom apartments, each covering 278m2*, and a luxurious 527m2* five-bedroom apartment spread across the top two levels. This upper-level apartment will feature a private rooftop pool, kitchen, and entertaining area.The plans also include a communal pool set within lush, landscaped gardens and a nine-car basement to accommodate both residents and visitors. Some apartments will offer breathtaking ocean views. Located in a high-growth area, this property provides direct access to the lifestyle hubs of Mermaid Beach, Nobby Beach, and Broadbeach, all of which are rich in popular shopping, dining, and nightlife options.Key Features:- Prime development opportunity in a premier beachfront suburb.- 558m2 site in a prime position, one block from the beach and close to the lifestyle hubs of Mermaid Beach, Nobby Beach, and Broadbeach.- DA-approved plans for a boutique four-level building designed by Shane Denman Architects.- Esteemed local architect known for crafting beautiful, bespoke properties in the Gold Coast's beachside suburbs.- Plans include two 278m2* four-bedroom apartments and one five-bedroom apartment over two levels with a rooftop pool, kitchen, and entertaining area; some apartments offer ocean views; nine-car basement and communal pool.- Potential for holding income.- Current property includes a single-level block with four tenanted units, each with a car space.- Mermaid Beach is a premier coastal suburb celebrated for its relaxed, walkable lifestyle. Patrolled beaches are just a 120m stroll away, and within a kilometer to the south, you'll find popular cafes and restaurants, including BSKT Cafe and The Holliday Coffee Shop. The Nobby Beach precinct features The Oxley, a new 4,000 sqm lifestyle quarter with boutique shops, delis, and fine-dining restaurants. Heading in the other direction, a short walk brings you to the heart of Mermaid Beach, home to dining options like Little Truffle and the recently expanded Glenelg Public House. Broadbeach's vibrant lifestyle precinct, including The Star and Pacific Fair Shopping Centre, is just a 3km drive north along the Gold Coast Highway or a few minutes by tram once stage three of the Gold Coast Light Rail is completed.