6/168 Hedges Avenue

Mermaid Beach QLD 4218

This 2-bedroom unit in Mermaid Beach boasts a sublime location. Situated in the unit complex of Camden House, above the popular 'Caf on Hedges', the building is also directly across the street from Mermaid Park with uninterrupted views of the Beach and ocean beyond. This unsurpassed location has it all in addition to being a few short steps from the beach you also have easy access to local parks, cafs, the Mermaid Beach Surf Club, transport on the Gold Coast Highway and of course living on one of the most prestigious streets on the Gold Coast Hedges Avenue.

To secure an investment property on 1,214 m of beachside land with an outlook like this on Hedges Avenue is an investors dream. The location almost guarantees 100% occupancy and the unit is currently tenanted until next year meaning security of income over this period. There is also future development potential as this elevated site would certainly be on the radar of developers looking to build high end residential accommodation. The site is zoned as medium density residential and has a building height approval of 3 stories under the current town plan.

The unit is situated on the Northern end of the block on the first level and is adjacent to the Mermaid Beach Surf Club. You have views of the ocean from the balcony where you can relax in the afternoon and enjoy the view and the soothing sea breezes. The unit is tidy and functional, and a considered renovation would certainly improve the financial returns. The body corporate fees are reasonable, and you won't find more affordable living in this prestigious location.