A unit located in 79/RP32000 Palm Beach QLD. Properties with similar attributes have sold for approximately $650,000. Constructed in 1960, featuring 2 bedrooms, 1 bathroom.
PRIME DEVELOPMENT OPPORTUNITY - 2 TITLES TOTALING 810m2 First time offered in over 22 years is this opportunity to purchase 2 adjoining titles (11 & 13 Sixth Avenue Palm Beach) with a total area of 810m2 just 230 meters to the beach and 90 meters from the Gold Coast Hwy.11 Sixth Avenue is currently four units each comprising 2 bedrooms and 1 bathroom with 13 being a 2 bedroom, 1 bathroom house.* 810m2 total combined land* Prime location* Precinct 2 Cypress Terrace RD6A great opportunity to knock them down and build units/duplexes/commercial subject to council approval.IMMEDIATE RETURN OF ABOUT 5.45% PER ANNUM ON A PURCHASE PRICE OF $1,025,000.MOVE INTO 11 SIXTH AVENUE AND COLLECT THE RENT ON 13 SIXTH AVENUE APPROX $40,560 PER YEAR.OWNER WILL CONSIDER THE SALE OF ONE (Either 11 or 13 Sixth Ave) FOR OFFERS AROUND $600,000Inspections are by appointment - Please contact Greg Parker for more details.