Sold
Block of Units

628 Pacific Parade Tugun, QLD 4224

Sold for $2,615,000 on 23 Apr 2018
  • 6 Beds
  • 3 Baths
  • 3 Cars
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Block of Units in Tugun

PRIME BEACHFRONT OPPORTUNITY - DECEASED ESTATE - RETAIN or REDEVELOP

  • 6 Beds
  • 3 Baths
  • 3 Cars

Discover the beauty of Flat Rock and explore the charm of this highly desirable enclave with this exceptional freehold opportunity offering a plethora of options.

Surrounded by prestige homes in a world class position overlooking the sand, surf and scenic coastline, the property captures majestic ocean vistas from Rainbow Bay to Stradbroke Island.

REDEVELOP, RETAIN, OCCUPY or INVEST - WHAT WILL YOU CHOOSE?

Option 1 - Ignite your creative genius and build the perfect beachfront home from a blank canvas to create everlasting family memories.

Option 2 - Refurbish and work with the existing structure to architecturally modify as a modern residence

Option 3 - Retain as is and keep the income return flowing. The configuration also allows versatility as you can enjoy one unit whilst you benefit with rent return from the other two.

Option 4 - Ideal addition to a super fund or as a strategic investment for the future, this blue chip real estate would be a great acquisition for ones property portfolio.

ARE BEACHFRONT OPPORTUNITIES LIKE THIS RARE?
Yes indeed they are. Fact - not since 2008 has a beachfront opportunity with a standard block size ( of 500m2 or less ) on Pacific Parade become available between Wagawn Street and Flat Rock. You can now count the limited number of opportunities on one hand that offers scope and upside to add value with redevelopment in this tightly held location.

  • Rare opportunity in highly sought after locale
  • Beautiful homesite to redevelop with beachfront abode
  • One level structure on a 425*m2 beachfront block
  • Currently three x 2 bedroom income producing units on 1 title
  • Current rent return in total $1,080 per week
  • GCCC Rates, $4,013.76* (1 January - 30 June 2018)

This exclusive locale is positioned in a no through traffic cul-de-sac adjoining beachfront parkland with Kropp Park, an ideal family playground that connects Tugun with the foreshore oceanway to Currumbin Alley Surf break and still water estuary.

Enjoy easy access to Currumbin and Tugun Village with a choice of popular cafes, fresh produce, restaurants, SLSC, a variety of convenience stores and boutique shops without picking the car keys up.

The property will be auctioned on site @ 9.30am Saturday 21st April, 2018.

Executor of the estate committed to selling on auction day.

Redevelopment under the current town plan is classed under Medium density residential, Zoned RD5 - 1 bed per 50m2 net site area with the building height 3 storey ( up to 15 metres). To satisfy your due diligence, we recommend calling Town Planning at Gold Coast City Council on 07 5582 8211 or consult a local town planner.

*approx

Disclaimer: 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.

Parking:

3 garage spaces

Bedrooms:

6

Bathrooms:

3

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Suburb

Tugun

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