To be sold on a single title – Here lies a rare opportunity situated in one of Biggera Waters most prestigious addresses positioned only one street back from the famous Broadwater on the Northern Gold Coast. Calling all developers & astute investors to this existing double story unit block of 8 apartments positioned within a short walking distance to shopping centers, cafes, schools & public transport.

Features of this development include:

Block size in total is 890m2 zoned RD6
Length of Block is 69.3m – Width of the block is 15.3m
Strong rental returns approximately 6.2% gross yield
Double story unit block with 8 units
8 x 2 & 3 bedroom apartments ranging in size between 62m2 & 85m2 in total
Strong rental returns of approximately $130,000 per annum with potential future growth
Each light-filled apartment contains 2 or 3 bedrooms with under covered off street parking
With DA approval you can develop up to 29 meters in height with 26 bedrooms

Over the past 12 months future development blocks have been extremely popular on the northern Gold Coast with high demand in the market before the 2018 Commonwealth Games.