33-35 Boodera Road, Palm Beach, Qld 4221

Expressions Of Interest Closing 3 September at 5pm

A rare opportunity awaits in one of Palm Beach's most desirable coastal pockets, bringing together established holding income, a generous landholding and future development potential within easy reach of Tallebudgera Estuary and the beach.

Set across two adjoining titles spanning a combined 1,060m²*, with 38m* of frontage to Boodera Road, the property is currently home to two low-rise apartment buildings comprising nine tenanted units. The established rental income creates an attractive landbank opportunity while future plans are progressed.

Medium Density Residential zoning supports a range of future possibilities, from a landmark private residence to boutique multi-residential development. Current planning controls include a 9m building height, with any proposed variation to height and density limits subject to individual assessment and council approval.

Tallebudgera Estuary is around 300m* away, placing calm-water swimming, paddleboarding and waterfront walks within a short stroll, while the beach is 500m* down the road for morning swims, surfing and an easy connection to the vibrant Palm Beach lifestyle.

The Highlights:

- Combined 1,060m²* holding across two adjoining titles
- 38m* of frontage to Boodera Road
- Two existing low-rise apartment buildings comprising nine tenanted units
- Current tenancy schedule generates a combined rental income of $5,280 per week across nine units, equating to approximately $274,560 per annum
- Medium Density Residential zoning
- 9m building height (variations to height and density limits subject to individual assessment and council approval)
- Potential for a private residence, multiple dwellings, terrace homes and selected community or neighbourhood uses, subject to approval
- Around 300m* from Tallebudgera Estuary
- 500m* from the beach

Set within an established north Palm Beach neighbourhood where substantial adjoining holdings are increasingly scarce, the property is close to Palm Beach's cafes, restaurants, shops and everyday amenities. Burleigh Heads, the Gold Coast Highway, public transport, the M1 and Gold Coast Airport are also within easy reach.

Unpack the potential with Corey Eleveld on 0438 986 916 or James Roberts on 0432 839 485.

*Approximate.

Disclaimer: 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.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Type

Block Of Units

Bedrooms

17

Bathrooms

9

Parkings

9

Area

1,060 m²