38 Surf Street

Mermaid Beach QLD 4218

Plenty of room for poolside entertaining and a backyard for the kids or you could do three large 3-bedroom top end duplexes (STCA) on one of the largest single home sites on the Mermaid Beach-side without being hemmed in by your neighbours, allowing rare beachside seclusion.
Zoned RD5 allowing approx. 1 bedroom for every 50m2 of land or 13 bedrooms + studies for a boutique block of 12 units for re-development you have the potential to cash in now or down the track and develop duplex pair, townhouses or the approved DA that is ready to go. A height approval to three level + rooftop entertaining deck will provide great north/north-easterly outlook.
With the next stage of the Light Rail due to start in the foreseeable future running past your door from Burleigh Heads to Southport, this is just a good investment with heaps of opportunity.
Under 300 metres to the patrolled beaches of the Gold Coast this rare opportunity in this exclusive beachside suburb must be sold and I have been asked to present all offers.
FEATURES:
- Outstanding opportunity in a prime sought-after location
- Large beachside 673m2 (approx.) north facing site with 20.3m (approx.) frontage (standard land size beachside 405m2 with 10m frontage) - approved DA for 12 units, 1 bedroom plus study - 1 bedroom every 50m2
- Plenty of potential for re-development options (STCA).
- Existing 4-bedroom dwelling with current rental income of $590 per week
- Popular location close to beaches and all amenities