80 Melaleuca Drive PALM BEACH QLD 4221

4 3 2 783 m2
Sold - $1,800,000
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Build, renovate or land bank - this must be sold!

Be quick to secure this prime 783m2 water front property which offers wide unobstructed views across the Southern Gold Coast's most pristine waterway. Sitting proudly on the land is a much loved 1980's family home that can be renovated or easily make way for a new single dwelling or utilise DA council approval to build two separate homes on the sub-dividable block.

Our owner's instructions are clear, they want to settle this sale before Christmas. This is a golden opportunity to renovate, detonate or land bank on this highly desirable point position. Currently tenanted until December, 2020 at $700 per week, this 4-bedroom home offers huge potential for the new owners.

The opportunity:

Land bank - Property values in Palm Beach have consistently outperformed almost every Gold Coast suburb over the last 3 years and featured in the Top 10 Queensland growth suburbs. The demand for waterfront family homes remains strong, so this is a smart investment choice.

Detonate - Knock this home down, action the DA approval to build 2 x two storey homes or build one dream home to capitalise on the position and strong demand for quality homes in this popular beachside suburb. Council planning restrictions have changed so this approval is highly advantageous. Contact us for a full information package on this.

Renovate - Improve the existing home to live in or substantially increase the rental return on investment.

Property Specifications:

- 783m2 block on stunning point position;
- 25m wide water frontage;
- 1980's home returning $700 week;
- Pool & outdoor covered entertaining area;
- Boat ramp and pontoon;
- Pre-approval for 2 x 2 storey dwellings;
- Close proximity to the beach, creek, cafes, restaurants and schools

Pre auction offers are welcome and encouraged.

Auction to be held onsite 10am, 22 November, 2020

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80 Melaleuca Drive
PALM BEACH QLD 4221

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