Last Wednesday at the Q1 in rooms the property was passed in on a Vendor bid @$680,000. It is now priced at $715,000. The land size is 723sqm. Properties in the area have been selling at an average price of $1,000.00 per sqm. The UCV is $550,000. The zoning is Residential choice to RD5 so suitable for Duplex or Units (up to 14 bedrooms to 3 storeys from street level). The property rents for $470.00 per week and is leased until 21 February 2010.

After 3 campaigns (2 Auction and 1 Priced) this property remains unsold. What a waste! Since the change in the market our client has lowered his expectation $300,000. What a gift! Do your figures and let’s negotiate a fair and reasonable price. You know where it sits in the current market and where it can go when the market turns. Inspection by appointment.

Nestled in the northern side of Burleigh hill, the property is within walking distance to the Burleigh Heads CBD and popular surfing beaches. Retaining the charm and character of the 1950s, set in a leafy tropical garden you will find a solid, tidy, highset 3 bedroom home with air conditioning.

Other features include:
* open plan living areas with polished timber floors and air con
* 3 built in bedrooms with air con and ceiling fans
* modern kitchen and bathroom
* large east facing timber entertaining deck
* north facing balcony
* laundry, extra shower and toilet, garage and work space underneath
* security screens and doors, timber blinds
* private fully fenced yard
* 723sqm RD5 corner block – with the capacity for a low rise unit or duplex development
* Current rental return is $470 per week.