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26 Francis Street, Mermaid Beach, Qld 4218 Sold
26 Francis Street, Mermaid Beach, Qld 4218 26 Francis Street, Mermaid Beach, Qld 4218-Floorplan Latest Aerial map Imagery for project 26 Francis Street, Mermaid Beach, Qld 4218

26 Francis Street, Mermaid Beach, Qld 4218

Bedrooms
6
Bathrooms
3
Parkings
3
Area
405m2
Type
Block Of Units

Last updated on Monday, October 23, 2023

$2,900,000

26 Francis Street, Mermaid Beach, Qld 4218 - More Details

$2,900,000

Seize an exceptional and highly coveted opportunity to acquire an entire block consisting of three strata-titled units in one of the Gold Coasts most exclusive and highly sought-after beachside locations.

Situated on a 405m2 land parcel with an expansive 14.5m* of street frontage, this north-facing property - just a stone's throw from the surf and golden sands of Mermaid Beach - opens up a multitude of opportunities. Whether you are looking for an investment property, landbank, or to redevelop, this dream location promises unparalleled potential.

Mermaid Beach stands as one of the Gold Coast's premier suburbs. Its tranquil coastal ambiance, vibrant sense of community, and easy access to amenities and entertainment make it an ever-enticing destination that will continue to grow in allure for those seeking a quintessential beachside lifestyle.

Property Specifications:
- Entire block of 3 strata titled units
- 3 x 2 bedroom, 1 bathroom, single lock up garage units
- Wide 14.5m* street frontage, 405m2 block
- Favoured Northerly aspect
- Each unit leased with tenants in place
- One of the most popular streets in Mermaid Beach, foot steps to the beach
- Adjoining 'Millionaire's Row' Hedges Avenue, close to the Mermaid Beach Surf Club, parklands, great cafes, award winning restaurants, the proposed light rail station and local shopping

Current combined rental income: $1,625 per week
Unit 1 - Lease expires 23/05/2024 currently paying $520 per week
Unit 2 - Lease expires 15/07/2024 currently paying $520 per week
Unit 3 - Lease expires 18/04/2024 currently paying $585 per week

Updated Rental Appraisal:
Unit 1 - Approx. $550 - $600 per week
Unit 2 - Approx.$550 - $600 per week
Unit 3 - Approx. $600 - $630 per week

Council rates: Approx. $2198.36 *half yearly, per strata
Water rates: Approx. $426.74 *per quarter, per strata
Building insurance: 2023-24 Approx. $4115.00 inclusive of GST

*denotes approximate figure

Disclaimer: The above information is accurate to the best of our knowledge; however, we advise that all interested parties make their own enquiries as we will not be held responsible for any variation that may apply to this information. This property is being sold by auction or 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

Type
Block Of Units
Bedrooms
6
Bathrooms
3
Parkings
3
Area
405m2

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26 Francis Street Mermaid Beach QLD 4218

Property FAQs

How many bedrooms does the property listed 26 Francis Street, Mermaid Beach, Qld 4218 feature?

26 Francis Street, Mermaid Beach, Qld 4218 is a 6 bedroom Block Of Units.

What are the standout features of the 26 Francis Street, Mermaid Beach, Qld 4218?

Explore all key property features for 26 Francis Street, Mermaid Beach, Qld 4218. Click here to find out more.

What is the total land area and built-up area of the 26 Francis Street, Mermaid Beach, Qld 4218?

The total land area and built-up area of the 26 Francis Street, Mermaid Beach, Qld 4218 have not been disclosed. To find detailed information on the total land area and built-up area, contact the agent.

How many vehicles can be accommodated in the parking area of the 26 Francis Street, Mermaid Beach, Qld 4218?

26 Francis Street, Mermaid Beach, Qld 4218 can accommodated 3 vehicles in the parking area.

  • Disclaimer

    All data and information contained in these FAQs is provided by Real Search as a courtesy only. Real Search does not make any representations or warranties regarding the accuracy and/or completeness of this data and information. Users should check directly with the agent to verify this data and/or information.

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