On Saturday October 6th, Professionals Palm Beach – Elanora will be auctioning the property at
101 Palm Beach Avenue, Palm beach.
Partially damaged by fire in April this year, the premises are being offered for sale in an as is
condition or in other words, what you see is what you get.
The property actually consists of 3 factory style units with a total floor area of 190 square metres plus an additional lock up shed or garage of 23 square metres.
While fire damage to units 1 and 2 is extensive and would probably require re-building with council consent, unit 3 plus the shed has mainly suffered smoke damage and is very repairable.
However, the main attraction is the location. This 513m2 allotment fronts Palm Beach Avenue and enjoys high exposure to passing traffic, close proximity to Palm Beach CBD and easy access to the M-1.
Potential buyers should be aware that the land, while zoned residential, has an approved land use or consent for light industrial. As marketing agents, we would encourage you to make your own independent enquiries with Gold Coast Council to ascertain more specifically what you can or cannot do with the site.
Current land use: Light Industry.