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1/15-17 George Avenue
Broadbeach QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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BEACHSIDE TOWNHOUSE - HUGE REDEVELOPMENT UPSIDE

This well-presented townhouse, located in a premium position just meters from Broadbeach's pristine beaches, is a golden opportunity for developers and investors alike. The 2034sqm site, with only 14 apartments in the complex, holds significant potential for future redevelopment, making it a prime strategic investment.
Here's why this property stands out:
• Redevelopment Potential: With a large land parcel of 2034sqm in one of the Gold Coast's most prestigious locations, this townhouse presents an exceptional opportunity for developers to create a mixed-use, high-density project or luxury residences. The proximity to Broadbeach's popular shopping, dining, and entertainment precinct only enhances its appeal to the market.
• High-Demand Area: Broadbeach is renowned for its prime beachfront position and world-class amenities. The demand for residential and commercial developments in this area is consistently high, driven by the area's popularity with tourists and residents. This makes the site ripe for transformation into a modern, luxury development with strong rental yields or capital gains in the years ahead.
• Investment Opportunity: The property is tenanted until May 2025, generating a stable income of $570 per week. This provides an immediate return on investment while you plan for future redevelopment.
• Future-Proof Location: Broadbeach's constant growth in both tourism and residential populations means that developments here continue to appreciate in value. The opportunity to secure a property in such a coveted location, with clear potential for future redevelopment, is rare.
Whether you're looking to enhance the existing structure, capitalize on the redevelopment potential, or simply hold onto a long-term investment in one of the most vibrant parts of the Gold Coast, this townhouse offers unparalleled potential for future profits.

Property Details for 1/15-17 George Ave, Broadbeach

1/15-17 George Ave, Broadbeach is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The place is currently for sale with Ray White Mermaid Waters.

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About Broadbeach 4218

The size of Broadbeach is approximately 1.5 square kilometres. It has 6 parks covering nearly 27.2% of total area. The population of Broadbeach in 2011 was 4,613 people. By 2016 the population was 5,513 showing a population growth of 19.5% in the area during that time. The predominant age group in Broadbeach is 20-29 years. Households in Broadbeach are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Broadbeach work in a professional occupation. In 2011, 40.2% of the homes in Broadbeach were owner-occupied compared with 40.6% in 2016.

Broadbeach has 8,898 properties. Over the last 5 years, Houses in Broadbeach have seen a 73.82% increase in median value, while Units have seen a 89.19% increase. As at 30 November 2024:

  • The median value for Houses in Broadbeach is $1,570,954 while the median value for Units is $1,065,300.
  • Houses have a median rent of $750 while Units have a median rent of $750.
There are currently 137 properties listed for sale, and 18 properties listed for rent in Broadbeach on OnTheHouse. According to CoreLogic's data, 507 properties were sold in the past 12 months in Broadbeach.

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Ben Gannon
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