SOLD
Sold on 09 Nov 2023 for $790,000

6/85 Petrel Avenue
Mermaid Beach QLD 4218

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 96m2
Land area: 96m2
Sold By
Larissa Martos
JOHN HENDERSON REAL ESTATE
Simon Francis
JOHN HENDERSON REAL ESTATE
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Property Details for 6/85 Petrel Ave, Mermaid Beach

6/85 Petrel Ave, Mermaid Beach is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1994. The property has a land size of 96m2 and floor size of 96m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 2 bedroom Unit sold in Mermaid Beach in the last 12 months.

Building Type
Unit
Year Built
1994
Floor Size
96m2
Land Size
96m2
Local Government
Gold Coast City
Lot/Plan
6/BUP100740

Last Listing description (March 2024)

Are you ready to seize an incredible opportunity in the real estate market? Look no further, because this motivated seller is ready to off sell their investment!

Nestled just steps away from the rolling surf and sun-kissed sands, in the heart of the highly sought-after Nobby's precinct, lies this spacious 2 bedroom, 2 bathroom beachside haven. Positioned perfectly on the middle floor of the building, this apartment offers a generous, light-filled, and inviting open-plan living space that seamlessly connects to a sprawling entertaining balcony. Prepare to leave a lasting impression on your friends and family with the size and quality of this beachside gem.

You'll take immense pride in calling "Chardonnay Palms" your home. This boutique, tightly held three-storey walk-up block is nestled amidst lush tropical gardens, offering residents a serene haven. Enjoy the convenience of a sparkling in-ground pool, intercom security, and secure basement parking. It's beachside living at its finest.

This highly prized location continues to evolve, known for its laid-back beachside lifestyle and an ever-growing array of cafes, bars, and restaurants. Whether you're an astute investor looking to make your mark on the beachside property market, a future owner-occupier in pursuit of a sea change, or seeking a weekend retreat in one of the most exclusive locations on the Gold Coast, this perfectly positioned unit is an absolute must-see.

Features:

Spacious apartment perfectly situated on the middle floor
2 bedrooms and 2 bathrooms for comfort and convenience
The master bedroom features an ensuite and a rear balcony with enchanting views
A generous living space seamlessly connects to a large entertaining balcony, ideal for relaxation and gatherings
Secure your peace of mind with 1 dedicated car space in the basement
This secured building comprises only 12 units, enveloped by lush tropical gardens and a delightful swimming pool
Enjoy low body corporate fees of $62 per week (approx.), a testament to the quality and maintenance of the building
Currently tenanted at $550 per week with the lease set to expire on the 3rd of April 2024.

Don't let this exceptional opportunity slip through your fingers. Whether you desire a beachside oasis for yourself or a shrewd investment, this apartment promises a lifestyle of sand, surf, and the finest coastal living. Act now and contact us for a viewing before it's too late.

For more information and a Property Memorandum, contact Simon Francis on 0413 198 357 or Larissa Martos 0424 996 661.

Body Corporate Fees - $62 per week (approx.)
Water Rates - $1,330 per annum (approx.)
Council Rates - $3,181 per annum (approx.)
Current Rental Income: $550 per week until 3rd April 2024 (property being sold with lease in place)

Potential buyers should make their own inspections and enquiries and seek their own independent legal advice before signing a contract of sale, to satisfy themselves that all details relating to the property are correct.

Property History for 6/85 Petrel Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$790,000
09 Nov 2023
  • 09 Nov 2023
    Sold for $790,000
  • 24 Oct 2023
    Listed for Sale Offers Over $825,000
  • 30 Dec 1994
    Sold for $177,500

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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 5,624 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 86.14% increase in median value, while Units have seen a 94.65% increase. As at 31 July 2024:

  • The median value for Houses in Mermaid Beach is $2,424,549 while the median value for Units is $910,639.
  • Houses have a median rent of $900 while Units have a median rent of $750.
There are currently 38 properties listed for sale, and 36 properties listed for rent in Mermaid beach on OnTheHouse. According to CoreLogic's data, 277 properties were sold in the past 12 months in Mermaid beach.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.