Beautifully renovated 2 bedroom unit in small block of just 4. This unit has a prime position on Margaret Ave, near the beach and comes with major re-development potential. The unit swhich is located in a small complex of four os situated on 516 sq m of prime Broadbeach land, the area is zoned for 30 levels, has a density rating of RD 7 (1 bedroom per 25 sq m) and an attractive plot ratio of 4:1 all that adds up to serious re-development potential and just 2 blocks south of the stunning Oracle site. With various alternatives available to add to the site, east and north, this could appeal to a major development player. Regardless of the potential, buyers will easily see the strategic nature of this block and the fact it presents a view aspect across playing fields/beachfront park and down the coast towards Coolangatta. The Local Area Plan (page 6 section 5.7: Intent for Broadbeach State School) clearly states the Councils strong view to retain the playing fields as “a public open space reserve”. Thus that valuable view aspect appears secure, but regardless of the high rise development potential, this unit is well priced for such a central position. So land bank or move in and enjoy the beachdside position knowing you are just a short walk to the beach, Pacific Fair, Broadbeach cafes and shops. Phone now to secure this great investment.