This big 2 bedroom unit is just waiting for a new owner to breathe new life and resuscitate this big old bad boy. Situated in the heart of the Gold Coast, right in the middle of the action, there is no reason to worry about petrol prices, as you do not need a car on weekends. You have the new link of the light rail with the light rail station within 300 metres walk. This is entry point level to purchase in the most tightly held beachfront suburb in South East Queensland. This block of 9 units is situated on 1,108m2 land parcel of RD8 high density, unrestricted height limit for a new development, and right in the heart of the Gold Coast action. When you hear location, location, location, this is the sort of location all buyers and sellers dream about. Walk to the beach, walk to the 4th largest shopping centre on the Gold Coast, walk into the main entertainment and dining precinct of Broadbeach, Casino and the Gold Coast Entertainment centre. With the property at 11 Mermaid Avenue being grossly under-developed, with only 9 units, meaning there are, and will be many developers and construction companies, that will be knocking on your door at some point in the future wanting to give you and the other owners a big cheque to sell out to them. The developers who buy the property will knock down the 9 units and put up a residential tower / high-rise that can go up 28 or so levels (STCA) and have 4 units per floor or so. Giving all owners excellent uplift in a potential re-sell in the future. This large unit is the perfect size for a low budget renovation project, all we need is a project manager with a flair for interior design to capitalise on this location. Great size living, separate designated dining area off the kitchen. The dining opens out to big living with balcony opening on the northern aspect. The kitchen is the perfect space with the floorplan to turn this big apartment into something special. A separate laundry easily big enough for a bathroom conversion. 2 good size bedrooms with an extra large single lock up garage and heaps of storage. Looking for a good big old unit to renovate to customise to your new beach lifestyle or looking for the perfect first investment to put a foot into the hottest Queensland beachside real estate market and watch the growth through this most tightly held beachside suburb. Potential buyers should make their own inspections and enquiries and seek their own independent legal advice before signing a contract of sale, to satisfy themselves that all details relating to the property are correct.