3/35 Seagull AvenueMermaid Beach QLD 4218
Property Details for 3/35 Seagull Ave, Mermaid Beach
3/35 Seagull Ave, Mermaid Beach is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1974. The property has a land size of 180m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in January 2020.
Last Listing description (August 2020)
Not often do opportunities like this present themselves to market where you can potentially secure an entire building in a premier lifestyle location in one of the Gold Coast's most sort after beachside suburbs.
Immersed in the charming village ambience and currently comprising of four income producing flats, while set perfectly on a 405m2 beachside block with 12.6m street frontage. Maximise the building footprint and utilise the full scope of the building envelope to create an impressive statement on the beachside landscape with a designer masterpiece or retain the two storey building for passive returns.
A choice of Mermaid Beach's popular cafes is literally a meander away. Located a short walk from the beach and situated just 200m from Nobby's Beach Surf Club, and less than 250m from the vibrant Nobby Beach Village precinct, with an abundance of cafes, restaurants, boutiques and bars and only 250m from public transport.
- Block of four income producing units
- Unit 1 - 2 bed 1 bath 1 car currently leased until 30/10/20 @ $340* pw
- Unit 2 - 2 bed 1 bath currently leased until 5/2/20 @ $280* pw
- Unit 3 - 3 bed 1 bath 1 car currently leased until 19/10/20 @ $380* pw
- Unit 4 - 2 bed 1 bath 1 car currently vacant - previously leased at $340* pw
- Current structure is circa 1974 and in original condition
- Ripe for redevelopment, build a new beachside masterpiece or luxury duplex pair**
- Flat level block 405m2* with 12.6m* street frontage
- Gross rental return $1,340* per week or Approx $69,680* pa
- Combined GCCC rates Appox, $4,700* (1 July - 31 December 2019)
- Combined GCCC water rates Approx $1,120* (per quarter)
- 200m* from Nobby's Beach Surf Life Saving Club
- 250m* from the vibrant Nobby Beach Village precinct
- 250m* from public transport and the proposed stage 3A light rail station.
Redevelopment under the current town plan is classed under Medium density residential, Zoned RD5 - 1 bed per 50m2 net site area with the building height 3 storey (up to 15 metres). To satisfy your due diligence, we recommend calling Town Planning at Gold Coast City Council on 07 5582 8211 or consult a local town planner.
Disclaimer: This property is being sold without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
* Approximately
** Subject to council approval
Property History for 3/35 Seagull Ave, Mermaid Beach, QLD 4218
- 04 Feb 2020Listed for Sale Contact Agent
- 20 Jan 2020Sold for $469,780
- 22 Sep 2015Listed for Rent - Price not available
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About Mermaid Beach 4218
The size of Mermaid Beach is approximately 1.5 square kilometres. It has 5 parks covering nearly 2% of total area. The population of Mermaid Beach in 2011 was 5,722 people. By 2016 the population was 6,524 showing a population growth of 14.0% in the area during that time. The predominant age group in Mermaid Beach is 20-29 years. Households in Mermaid Beach are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mermaid Beach work in a professional occupation. In 2011, 41.3% of the homes in Mermaid Beach were owner-occupied compared with 43.5% in 2016.
Mermaid Beach has 5,622 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 89.00% increase in median value, while Units have seen a 102.72% increase. As at 31 August 2024:
- The median value for Houses in Mermaid Beach is $2,497,613 while the median value for Units is $961,144.
- Houses have a median rent of $850 while Units have a median rent of $750.
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