Mermaid Beach Bluechip Development Site - Offering 6 of 9 Units

Occupying a prime north-east corner position on Alexandra and Hedges Avenue, Mermaid Beach – premium real estate opportunities don’t come much better than this. <br/><br/>Capitalise on the unique chance to acquire six of the nine units – units 1, 2, 4, 7, 8 and 9 – within Kundu Lodge, on a 761m2 blue-chip land holding.<br/><br/>Majority stake and the future opportunity to acquire the remaining three units paves the way to establishing what will be a rare beachside development site in the heart of Mermaid Beach.<br/><br/>An enviable north-east aspect offers uninterrupted ocean, parkland and skyline views spanning Main Beach to Coolangatta that can never be built out and a laid back coastal lifestyle like no other.<br/><br/>Currently zoned high density residential with no height restriction, a development site study suggests potential yield of up to 27 two and three-bedroom apartments over 15 levels.<br/><br/>Proximity to the beach, retail and dining precincts, and public transport present a new owner with the option to invest with holding income or land bank with a view to full amalgamation.<br/><br/>The Highlights:<br/>- Prestigious north-east corner position on 761m2 blue-chip land holding; <br/>- Purchase units 1, 2, 4, 7, 8 and 9 for a majority stake in Kundu Lodge;<br/>- Uninterrupted ocean, coastline and city views over Mermaid Beach that can never be built out;<br/>- Future opportunity to purchase the balance of three units to complete the amalgamation;<br/>- Scope to achieve one of the best and last beachfront development sites in Mermaid Beach; <br/>- Full site ownership opens up exciting residential development opportunities; <br/>- 300m to the beach, 200m from nearest retail precinct, 150m from public transport.<br/><br/>Mermaid Beach is a high growth suburb that is highly sought-after by local, interstate and international buyers for a laidback beachfront lifestyle like no other. Walk to the beach, local cafes and restaurants, and enjoy world-class shopping and entertainment at Pacific Fair Shopping Centre, The Star Casino and nearby Broadbeach. <br/><br/>Contact Troy Dowker on 0409 057 087, Tony Grbcic on 0407 968 667 or Adam Grbcic on 0404 087 772.