Development

1-4/23 Anne Avenue
Broadbeach 4218

Auction In Rooms

516㎡

Auction In Rooms

516㎡

Auction In Rooms, 27 February at 3:30pm

Municipality

Gold Coast

More Information

Please contact agent for further details

Tony and Adam Grbcic from Kollosche Commercial are pleased to present to the market 23 Anne Avenue, Broadbeach, a tightly held beachside development opportunity positioned within one of the Gold Coast's most established and high-demand coastal precincts.

The property, known as Mia Mia, comprises an existing two-level concrete and brick unit complex containing four original two-bedroom apartments, positioned on the northern side of Anne Avenue within the Broadbeach beachside precinct.

The property presents an opportunity for future redevelopment or land-banking, underpinned by holding income in a supply-constrained coastal location.

The site benefits from its proximity to the coastline and surrounding amenity, located approximately 300 metres from the beach and adjoining coastal reserve. The surrounding built form includes a mix of established low-rise apartments and more recent high-rise residential developments, reflecting ongoing investment and regeneration within the Broadbeach locality.

With approximately 17.1 metres of frontage to Anne Avenue, the property provides flexibility in access and future design outcomes. Positioned for future redevelopment or continued land-banking, the site benefits from its coastal setting, established surrounding infrastructure, and favourable planning context supporting medium-to-high density residential outcomes, subject to council approval.

KEY PROPERTY FEATURES:

516m² site*

Approx. 17.1m street frontage to Anne Avenue

Two-level concrete and brick unit complex

Four original two-bedroom apartments

On-site parking for four vehicles

Holding income of approximately $130,000 per annum (gross) with all units currently tenanted*

Beachside Broadbeach location, within walking distance of the coastline and coastal reserve

Proximity to The Star Gold Coast, Gold Coast Convention & Exhibition Centre, Pacific Fair Shopping Centre, and the Broadbeach dining and retail precinct

Well connected to public transport including G:link Light Rail, buses, and arterial road networks.

For more information please contact the exclusive marketing agents, Tony or Adam Grbcic.

*Approximate

Disclaimer: This property is being sold by auction or without a price and therefore a price guide can not 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, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these as representations of fact but must instead satisfy themselves by inspection or otherwise