Sold for $4,500,000
Sold for $4,500,00051 Hayle Street, Burleigh Heads QLD 4220
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Property was sold on 12 February 2023.
Sold on 12 February 2023.
8 beds
4 baths
4 cars
Block of Units
405m²
8
4
4
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Block of Units
405m²
This property is nestled close to the sandy shores, offering an idyllic beach lifestyle.
Property Features
Realise the full potential of this whole beachside unit block set on a prime corner position with dual street frontages. Just footsteps from the sand of pristine Burleigh beach or James Streets trendy cafes & eateries. Surf Apartments is an original block of four units set on a 405m2 site with 10.05m frontage to Hayle Street and 40.23m frontage to Nathan Street. This original block of 4 x 2-bedroom apartments are rare to the beachside market and would make a great investment. This is certainly a rare blue-chip opportunity - hold and sit on the income, with re-development options down the track. Alternatively, if you are wanting to sink your teeth straight into a good project and turn it over, there are Council approved DA plans available for a 3 level, 5-bedroom home with a rooftop terrace so you can transform this site and reap the value of this location. Enjoy the most sought-after beachside lifestyle on the Gold Coast and with the timing of the next stage of the light rail to Burleigh Heads, the transition stage from old 70's and 80's beach shacks and unit blocks to the new chic modern beachside elegance this central location is in transformation. - Burleigh Beach parcel with future development potential, subject to council approval - 405m² prime corner site with dual frontage - 10.05m frontage to Hayle Street 40.23m frontage to Nathan Street - 15m height limit / medium density zoning - Holding rental income of approx. $156,000 per annum - Architectural plans available for a 3 level, 5-bed home with a rooftop terrace - Potential to capture further ocean, city skyline and mountain view lines - Blue chip location just 150m to beautiful Burleigh beach - Original block of four brick and tile units known as Surf Apartments - Consisting of 4 x 2 bed units each with, 1 bath & 1 undercover car space Location - Burleigh is a holiday destination with its trendy Cafes, bars, famous restaurants, surf clubs and boutique shopping on James Street. Walk to beautiful Burleigh Beach and the National Park stretching to Tallebudgera Creek for sheltered swimming and many more water activities. Burleigh sites with development potential are rare so don't miss this opportunity.
