For Sale

18-20 Philippine Pde, Palm Beach, Qld 4221

Expression of Interest - Mixed use investment

Apartment

Type

Bedrooms

Bathrooms

Parkings

409 m²

Area

Published on Wednesday, October 28, 2026 ( See property details for 18-20 Philippine Pde, Palm Beach, Qld 4221)

Expression of Interest - Mixed use investment

Antonio Mercuri Principal and Director

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18-20 Philippine Pde, Palm Beach, Qld 4221 - More Details

Expression of Interest - Mixed use investment

A strategically positioned mixed-use investment within the tightly held Palm Beach.

Title 1 - Full-floor, 3-bedroom apartment with oversized alfresco balcony and 2 garages.

Title 2 - Three fully leased retail tenancies.

The property offers diversified income potential, supported by Neighbourhood Centre zoning and additional upside through rental reversion, renovation, commercial repositioning or future redevelopment (STCA).

Property Highlights:
- 3 fully leased retail tenancies plus residential penthouse
- 100.2m² commercial NLA* across three established retail spaces
- 409m² combined landholding* with rear laneway access
- 1.25-year WALE by area and 1.30-year WALE by income
- Neighbourhood Centre zoning with future development flexibility
- Development / Renovation / Rental Reversion Upside
- Prime Palm Beach location within the Southern Gold Coast corridor

Net Income:
- Current commercial base rental income: $87,469 p.a. approx.
- Projected net income including residential rental: $116,000–$119,000 p.a. approx.

Summary of Outgoings:
- Council rates: $9,820 p.a.
- Water rates: $3,620 p.a.
- Building insurance: $9,600 p.a.
- Engineering inspections: $1,380 p.a.
- Total estimated outgoings: $24,420 p.a.
- Estimated tenant recoveries: $3,493 p.a.

For Sale by Expressions of Interest closing 26th November

ALEX POPE | 0455 075 802
ANTONIO MERCURI | 0434 629 521

All areas and figures are approximate. Projected income is subject to residential leasing and operating expenses. Future development and change of use are subject to relevant approvals.

Type: Apartment
Bedrooms: 3
Bathrooms: 1
Parkings: 2
Area: 409 m²
House Size: 100 m²

Map & nearby places — 18-20 Philippine Pde, Palm Beach, Qld 4221

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School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

Palm Beach State School Catchment Government primary school, Prep-6, co-ed
Palm Beach-Currumbin State High School Catchment Government secondary school, 7-12, co-ed

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

St Augustine's Parish Primary School Catholic primary school, Prep-6, co-ed
Marymount Primary School Catholic primary school, Prep-6, co-ed
Marymount College Catholic secondary school, 7-12, co-ed
Currumbin Community Special School Government combined school, Prep-12, co-ed
St Andrews Lutheran College Independent combined school, Prep-12, co-ed

Email Enquiry To GV Property Group - BURLEIGH HEADS

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