2/55 Albatross Avenue

Mermaid Beach QLD 4218

Enjoy stunning ocean views from this spacious 1st floor 2 bedroom unit with single garage in a small block of only 4 units. Presently in original condition with loads of redevelopment potential, it's bursting with potential for its lucky new owner to modernise. add their personal touches and capitalise on its rare, blue chip position.

You'll be the envy of all your family owning this property so close to the beach in this highly sought after location.

Begin your day with a coffee and breakfast at the Nobby Beach Surf Club, popular BSKT cafe or Nobby's cafes and a leisurely stroll along the beautiful beach just footsteps away.

Catch up with friends over a cool drink and evening meal at the at one of the many stylish bars and restaurants at your fingertips - this is what the Nobby's lifestyle is all about!

This sought after location also offers close proximity to world class shopping at Pacific Fair, Star Casino and the Broadbeach entertainment precinct, all within a few minutes' drive.

Features:
- Immediate cash sale required - Will be sold at or prior to the Auction
- Spacious 2 bedroom - 1st floor unit
- Balcony with spectacular ocean views
- Small, tightly held walk up block of only 4 units set on a prime 405m2 beachside block
- Unique corner position with no roads to cross to the beach and potential for future redevelopment
- Single lock up garage
- Location, location! Walk the beach daily and enjoy the best of Nobby's just metres from home

Auction terms: $50,000 deposit, 30 day settlement

Council rates: $3,500 per annum (approx.) for an Owner Occupier. $4,200 per annum (approx.) if rented
Water: $1,175 per annum (approx.)
Body corporate fees: $20 per week (approx.)
Rental income: Estimated at $500 per week (approx.)

Whether you're looking for a quality investment, a weekender or a place to call home, you will not be disappointed by an inspection. Contact Luke Henderson or Matt Maguire for further information or to arrange your inspection today!

Auction Saturday 9th January 2021, 11am on site (if not sold prior)

Potential buyers should make their own inspections and enquiries and seek their own independent legal advice before signing a contract of sale, to satisfy themselves that all details relating to the property are correct.

Due to State Government Legislative requirements, to bid at auction photographic ID is required for registration. The deposit is due to be paid immediately after the fall of the hammer on auction day unless other prior arrangements have been made.

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 only.

Disclaimer
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes