4/20 Mary AvenueBroadbeach QLD 4218
Property Details for 4/20 Mary Ave, Broadbeach
4/20 Mary Ave, Broadbeach is a 8 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 1972. The property has a land size of 149m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 8 bedroom Unit sold in Broadbeach in the last 12 months.
Last Listing description (February 2022)
20 Mary Ave is an exceptional opportunity to buy all four apartments (in one line) with potential to further increase on the current investment via renovation, or to realise the full value of the full site via development, possibly a boutique luxury residential-only tower capitalising on the expansive ocean views achieved at a height of 21 metres and above.
20 Mary Ave is perfectly positioned in the most central location of Broadbeach where you are within 600 metres of Pacific Fair, Light Rail, The Star Casino, Broadbeach dining precinct, and the beach being only a 350m walk from the front door.
If you were less adventurous, or perhaps a long-term player, the land banking option would be a wise decision as land parcels with unimpeded views such as these rarely present, especially in such central locations, or possibly add onto the site and increase your footprint with a second acquisition.
The grounds directly across are government controlled as part of the Broadbeach State School, so future development whilst not impossible, could fairly be considered highly unlikely, making your views bordering on never to be built out'.
The Gold Coast residential market is firing with huge demand for lifestyle apartments with the below quote being published in the Australian Financial Review on the 17th of March 2021:
"Owner-occupiers accounted for 54 per cent of sales in the final quarter of last year, more than double the previous year's figure of 25.1 per cent, said Urbis director of planning Matthew Schneider."
Upon the Expressions of Interest closing on the 29th of April at 12pm, the four owners will convene to review all offers.
BUILDING:
4 x two-bedroom, 1 bathroom, 1 car, apartments (strata titled)
506m2 land parcel with 16.8m frontage and 30.2m side
Brick and tile construction, circa 1980 build
2 levels = 1 & 2 ground level, 3 & 4 level 1
Units 1 & 3 = 92m2 (75m2 internal, 17m2 carport)
Units 2 & 4 = 94m2 (77m2 internal, 17m2 carport)
ZONING:
HX unlimited height
RD8 1 bedroom per 13m2
FINANCIALS:
Outgoings:
Rates $10,160
Water $4,656
Body Corporate $12,388
Total Outgoings as Above $27,204
Rental Income:
U1 = $19,240 at $370pw
U2 = $18,760 at $360pw
U3 = $17,680 at $340pw
U4 = $21,840 at $420pw (rental assessment, currently vacant)
Total Rental Income $77,520
*All figures and distances are estimated and should be relied upon as a guide only.
Property History for 4/20 Mary Ave, Broadbeach, QLD 4218
- 16 Mar 2024Sold for $6,350,000
- 30 Apr 2021Sold for $1,062,500
- 01 Apr 2021Listed for Sale Expressions of Interest closing 29.04.2021 at 12pm
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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 8,915 properties. Over the last 5 years, Houses in Broadbeach have seen a 70.27% increase in median value, while Units have seen a 93.56% increase. As at 31 January 2025:
- The median value for Houses in Broadbeach is $1,540,055 while the median value for Units is $1,090,800.
- Houses have a median rent of $800 while Units have a median rent of $750.
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