Notifications
Log in to see your notifications.
Stay up to date with all the latest properties, recommendations and insights.
Notifications
Log in to see your notifications.
Stay up to date with all the latest properties, recommendations and insights.Share Property
26 Francis Street
Mermaid Beach QLD 4218
6
3
3
405.00m²
•
Block of Units
26 Francis Street
Mermaid Beach QLD 4218
6
3
3
405.00m²
•
Block of Units
Sold for $2,900,000
Sold for $2,900,000
26 Francis Street, Mermaid Beach QLD 4218
Sold
•
Property was sold on 20 October 2023.
Sold on 20 October 2023.
6 beds
3 baths
3 cars
Block of Units
405.00m²
6
3
3
•
Block of Units
•
405.00m²
Homes AI assigned this property the following badges.
Beach Life
This property is nestled close to the sandy shores, offering an idyllic beach lifestyle.
Agent Description
Seize an exceptional and highly coveted opportunity to acquire an entire block consisting of three strata-titled units in one of the Gold Coasts most exclusive and highly sought-after beachside locations. Situated on a 405m2 land parcel with an expansive 14.5m* of street frontage, this north-facing property - just a stone's throw from the surf and golden sands of Mermaid Beach - opens up a multitude of opportunities. Whether you are looking for an investment property, landbank, or to redevelop, this dream location promises unparalleled potential. Mermaid Beach stands as one of the Gold Coast's premier suburbs. Its tranquil coastal ambiance, vibrant sense of community, and easy access to amenities and entertainment make it an ever-enticing destination that will continue to grow in allure for those seeking a quintessential beachside lifestyle. Property Specifications: - Entire block of 3 strata titled units - 3 x 2 bedroom, 1 bathroom, single lock up garage units - Wide 14.5m* street frontage, 405m2 block - Favoured Northerly aspect - Each unit leased with tenants in place - One of the most popular streets in Mermaid Beach, foot steps to the beach - Adjoining 'Millionaire's Row' Hedges Avenue, close to the Mermaid Beach Surf Club, parklands, great cafes, award winning restaurants, the proposed light rail station and local shopping Current combined rental income: $1,625 per week Unit 1 - Lease expires 23/05/2024 currently paying $520 per week Unit 2 - Lease expires 15/07/2024 currently paying $520 per week Unit 3 - Lease expires 18/04/2024 currently paying $585 per week Updated Rental Appraisal: Unit 1 - Approx. $550 - $600 per week Unit 2 - Approx.$550 - $600 per week Unit 3 - Approx. $600 - $630 per week Council rates: Approx. $2198.36 *half yearly, per strata Water rates: Approx. $426.74 *per quarter, per strata Building insurance: 2023-24 Approx. $4115.00 inclusive of GST *denotes approximate figure Disclaimer: The above information is accurate to the best of our knowledge; however, we advise that all interested parties make their own enquiries as we will not be held responsible for any variation that may apply to this information. This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes
Property Features
GarageOutdoor AreaUndercover ParkingWheelchair Accessible
Upcoming Events
No upcoming inspections have been confirmed yet.
Contact agent to request an inspection.
Contact agent to request an inspection.
All Upcoming Events
26 Francis Street, Mermaid Beach QLD 4218
633 • Block of Units
Contact the agent
By submitting your message, you agree to our Privacy Policy.
*Indicates a required field
Agent Description
Seize an exceptional and highly coveted opportunity to acquire an entire block consisting of three strata-titled units in one of the Gold Coasts most exclusive and highly sought-after beachside locations. Situated on a 405m2 land parcel with an expansive 14.5m* of street frontage, this north-facing property - just a stone's throw from the surf and golden sands of Mermaid Beach - opens up a multitude of opportunities. Whether you are looking for an investment property, landbank, or to redevelop, this dream location promises unparalleled potential. Mermaid Beach stands as one of the Gold Coast's premier suburbs. Its tranquil coastal ambiance, vibrant sense of community, and easy access to amenities and entertainment make it an ever-enticing destination that will continue to grow in allure for those seeking a quintessential beachside lifestyle. Property Specifications: - Entire block of 3 strata titled units - 3 x 2 bedroom, 1 bathroom, single lock up garage units - Wide 14.5m* street frontage, 405m2 block - Favoured Northerly aspect - Each unit leased with tenants in place - One of the most popular streets in Mermaid Beach, foot steps to the beach - Adjoining 'Millionaire's Row' Hedges Avenue, close to the Mermaid Beach Surf Club, parklands, great cafes, award winning restaurants, the proposed light rail station and local shopping Current combined rental income: $1,625 per week Unit 1 - Lease expires 23/05/2024 currently paying $520 per week Unit 2 - Lease expires 15/07/2024 currently paying $520 per week Unit 3 - Lease expires 18/04/2024 currently paying $585 per week Updated Rental Appraisal: Unit 1 - Approx. $550 - $600 per week Unit 2 - Approx.$550 - $600 per week Unit 3 - Approx. $600 - $630 per week Council rates: Approx. $2198.36 *half yearly, per strata Water rates: Approx. $426.74 *per quarter, per strata Building insurance: 2023-24 Approx. $4115.00 inclusive of GST *denotes approximate figure Disclaimer: The above information is accurate to the best of our knowledge; however, we advise that all interested parties make their own enquiries as we will not be held responsible for any variation that may apply to this information. This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes