1,2 & 3/89 Petrel Avenue Mermaid Beach QLD 4218

Avanti Commercial and Keys Realty are proud to introduce a remarkable investment opportunity at 89 Petrel Ave, Mermaid Beach! This property features three immaculately-maintained units, strategically situated in one of the most sought-after locations in Mermaid Beach.

With the potential for future re-development, this property offers a rare chance to capitalize on prime coastal real estate only 350 minutes (5 minutes walk) from the beach. Ideal for discerning investors seeking immediate rental income and promising capital growth opportunities, this versatile property provides multiple income streams now with future development possibilities in the future.

Boasting a tranquil coastal ambiance and a lively community atmosphere, residents enjoy seamless access to local amenities such as cafes, restaurants, and boutique shops, ensuring a lifestyle of convenience and relaxation.

Property features:
* 3 strata title units
* 1 x 3 bedroom & 2 x 2 bedroom
* Wide block of 12.4 metres
* Land area of 407m2
* Zoned RD5 (1 bedroom per 50 m2*)
* Building Height: 3 (15 metres*)

All three units were renovated in 2015 and include air conditioning and parking. They collectively generate an income of $2,280 per week ($118,560 per annum) and have very low outgoings.

Call now, this property will be sold quickly:

Co Agent : Adam Keys
P. 0408 753 555
E. adam@keysrealty.com.au