Today the property is rented to TWO Tenants 2x $600 Per Week Rentals and is returning $1,200 Per Week (2x$600 Per Week) offering a HUGE rental yield over 8% per annum. Buy now and reap the rewards and build later? Upto you. DA Council Approved to build 2x Two Story Homes / land subdivision into 2. 632m2 of DA APPROVED prime Mermaid Waters real estate is the one you have been waiting for – Renovate or Detonate! Development Approval for Two HUGE two level plus roof top HOMES!!!! 632M2 DA Approved for 2 x Four bedroom homes. COMES WITH DA Development Application\ Approved & Current. 8.1% ROI / Current Rental Returns (Last 4 years). MCU DA Council Approval in place, please call our team for full details 1KM to the Golden Sands of Mermaid Beach 450mtrs to Pacific Fair Currently returning $1,200 per week Gold Coast City Council Website DA approval CURRENT!!! http://pdonline.goldcoast.qld.gov.au/masterview/modules/propertymaster/default.aspx?page=wrapper&key=119947 Inspect TODAY 1300 617 277 Expression of Intrest / Reserve Link Below: https://www.investmentrealestate.agency/eoi?property_id=693521