26 Francis Street, Mermaid Beach, Qld 4218 - More Details
Auction
Online Auction, Thursday 28th May 11.30am
Seize a rare and highly sought-after opportunity to secure an entire block of three strata-titled units, perfectly positioned within one of the Gold Coast's most exclusive and tightly held beachside pockets. This is a truly exceptional offering for astute investors or developers looking to capitalise on a premium location that continues to attract strong demand.
Set on a 405m² parcel with an impressive 14.5m* street frontage and a favourable 15m height zoning, this north-facing property is just moments from the surf and golden sands of Mermaid Beach. The combination of wide frontage and height allowance provides significant development potential, whether you're considering a future redevelopment, a landbank opportunity, or simply a high-performing investment. The versatility of this site ensures it presents a rare and compelling proposition for those looking to create something truly special.
Mermaid Beach is widely recognised as one of the Gold Coast's premier coastal suburbs, offering a relaxed, beachside lifestyle coupled with a strong sense of community. With convenient access to a vibrant selection of cafes, restaurants, shopping, and recreational amenities, this location seamlessly blends tranquility with convenience. It represents a prime opportunity for buyers seeking an enviable coastal address that continues to grow in value and appeal.
Property Specifications:
• Entire block of three strata-titled units
• 3 x 2 -bedroom, 1-bathroom units, each with a single lock-up garage
• 405m² block with wide 14.5m* street frontage and 15m height zoning, offering excellent development potential
• Highly desirable north-facing aspect
• All units currently leased with tenants in place
• Short stroll to pristine, patrolled beaches
• Adjacent to the prestigious 'Millionaire's Row' of Hedges Avenue and within close reach of Mermaid Beach Surf Club, parklands, vibrant cafes, and award-winning restaurants
• Positioned for a true "walk-everywhere" lifestyle with easy access to beaches, cafes, dining, parks, shops, public transport (including the upcoming G:link extension), and Pacific Fair
• Conveniently located near the bustling dining and lifestyle precincts of Broadbeach and Nobby Beach
Current combined rental income: $2,200 per week
Unit 1 - Lease expires 20/05/2027 currently paying $750 per week
Unit 2 - Lease expires 13/07/2026 currently paying $700 per week
Unit 3 - Lease expires 28/10/2026 currently paying $750 per week
Building insurance: 2025-26 Approx. $3,685 inclusive of GST
Council rates: Approx. $2,526.81 *half yearly, per strata title
Water rates: Approx. $493 *per quarter, per strata title
Disclaimer: We have, in preparing this information, used our best endeavours to ensure that the information contained herein is true and accurate; however, we accept no responsibility and disclaim all liability for any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
*Denotes approximate measurements.
Some marketing images may include virtual furniture, enhancements or digital alterations where applicable. These are provided as a visual guide only and may not reflect the property's current presentation. Interested parties should rely on their own inspection.
- Type
- Block Of Units
- Bedrooms
- 6
- Bathrooms
- 3
- Parkings
- 3
- Area
- 405 m²
