14-18
Twenty Eighth
Avenue
palm beach
QLD,
4221
SOLD
Sold for $2,800,000
13
6
6
PRIME DEVELOPMENT SITE!
A rare opportunity has presented itself to acquire a blue chip development site in a prime Palm Beach location within close proximity to the beach and Tallebudgera estuary.
The 1,215m2 site currently offers existing improvements that include a block of four renovated, fully tenanted flats and an adjacent free standing four bedroom house. The combined site offers an excellent rental return while planning for possible future development.
The versatile site has a code assessable land use allowing a possible multi-unit development (subject to Council Approval).
• Current zoning, RD5, 29m height limit;
• Total land size, 1,215m2 with a 30m road frontage;
• Current rental return for the flats, $81,900 per annum, fully leased;
• Estimated rental return for the house, $39,000 per annum;
• Total estimated rental return for the site $120,900 per annum;
The prime site is in an excellent location, walking distance to the beach, Tallebudgera Surf Club, Tallebudgera estuary, local shops, restaurants and public transport.
Agents
Nearby Schools
About palm beach
median house price
1030000suburb growth
10.5%median house rent
800suburb rental yield
4.0%Similar Properties
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.
