2/61 Seagull Avenue

Mermaid Beach QLD 4218

Tenants paying $900 each per week, current market value is estimated $1100-$1200 per week, the buyer has immediate scope to increase upon renewal of leases providing a possible $20,800-$31,200 per annum upside on the current return, with rents in the area showing no signs of slowing.

Situated in a sought-after setting, this location fuses laidback coastal living and convenience. Greet each day with a sunrise surf or beach stroll, followed by an organic breakfast at BSKT Cafe, only 400 metres away. Any time is a good time to sample the artisan shopping and dining at the lively Nobby Beach precinct. Local favourite, The Oxley, offers everything from gourmet groceries to authentic gelato, seafood feasts and international couture. Additionally, benefit from seamless connectivity, with ample public transport options and the future G-Link light rail, and the proximity to Pizzey Park, Miami Marketta and the Mermaid Beach dining strip. Pacific Fair and The Star Casino are 3.5km away, with frequent flyers sure to appreciate being only 15.5km from Gold Coast Airport (approx.).

Opportunities of this calibre are increasingly rare. Capitalise on the prime location, possibilities and lifestyle and secure your future in one of the Gold Coast's most desirable beachside communities. Inspect today!

Property Specifications:
Lucrative opportunity for developers, investors or buyers craving coastal living in an outstanding location; 100m from the beach, 250m from the vibrant Nobby Beach lifestyle precinct
405m2 block, larger 12.4m frontage, zoned Medium Density Residential
Ideal site for boutique apartments, a high end duplex, luxurious multi-level home or land bank for future lucrative growth "STCA"
Residential density (RD5): 15m height limit, 1 bedroom per 50 sqm, standard allowance: 9 bedrooms with possibility of up to 12 bedrooms if plans/designs meet compliance (STCA)
Currently the site hosts two well-presented strata titled 3-bed, 2-bath, 1-car residences with one secure garage and off-street parking
Tenanted, providing immediate rental income while you explore your options
East facing shared backyard for outdoor entertaining
Unit 1: 175m2; Unit 2: 167m2 - total footprint of 342m2
Current dual rental return of $1800 per week, with scope to increase to $2200-$2400 per week on renewal
Coveted suburb, home to the Gold Coast's most expensive streets, Hedges Ave and Albatross Avenue
Desirable lifestyle in a location offering laidback coastal charm and convenience
Ample public transport, including the upcoming G-Link
Also close to Pizzey Park, Miami Marketta and Mermaid Beach cuisine scene
3.5km to Pacific Fair and Star Casino, 4.5km to Burleigh, 15.5km from Gold Coast Airport (approx.)

UNIT 1 Current Rent: $900 per week Lease End: 15/03/2026
Rental Appraisal: Approx. $1100-$1200 per week

UNIT 2 Current Rent: $900 per week Lease End: 29/05/2026
Rental Appraisal: Approx. $1100-$1200 per week

Council Rates: $ 5,994.28 per 6 months
Water Rates: $ 542.44 per quarter

This location continues to be one of the Gold Coast's most sought-after. A versatile property that works as a home, investment, or future project, all in a location that delivers year-round lifestyle appeal.

Exclusively listed by Tolemy Stevens of Coastal - Luxury Specialist.
www.tolemystevens.com.au

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Denotes approximate figure, boundary lines indicative only