Notice: JavaScript is not enabled. Please Enable JavaScript so Functions Can work correctly.

14 First Avenue, Broadbeach QLD 4218
Expressions of Interest; Closing 10th Feb 2019
  • 13
  • 8
  • 8
  • 678 m2

Sausalito Bay is for sale; block of 8 units in Broadbeach

Sausalito Bay is an iconic Broadbeach block of 8 units with basement parking sitting proudly on the corner of First Avenue and Surf Parade Broadbeach.

Opportunity: The 678m2 north facing corner block situated just 150m to the golden sands of Broadbeach is based only a short stroll to the newly appointed social hub of the Gold coast, Broadbeach with world renowned restaurants, wine bars, cafes and Pacific Fair Australia's 4th largest shopping centre, the Star Casino and the Convention Centre are all must visit locations for visitors to the Gold Coast. All owners have amalgamated and want this block sold ASAP!

Sausalito Bay consists of 4 well-appointed 1 bedroom units of generous size all tastefully renovated within the last 5 years, 3 x 2 bedroom units with recent renovations and 1 top floor 3 bedroom penthouse style apartment having had a recent full makeover. All units have internal access to the basement with secure parking for 8 cars. The tropical grounds are well maintained with large sparkling in ground pool.

Current income: At present, all Sausalito Bay units are either permanently let or owner occupied with an approximate income of $170,000 per annum.

The intrinsic value of Sausalito Bay is in the actual block of dirt, its position and land zoning (RD8) allowing unrestricted height with one bedroom per 13 M2 by rite. This high density site allows 52 bedrooms in total for future redevelopment.

Sausalito Bay has been constructed to very high standards back in the late 1980's and well maintained. It will be hard to find a better mid to long term investment in the number one Gold Coast destination for the 12 million visitors that visit Queensland each year.

Within 300m to north Broadbeach light rail station and with the extension of stage 3 for the G:link light rail south to Burleigh Heads, there is a great opportunity to invest now in Sausalito Bay for the future development.

Potential Development: Jewel, the billion-dollar beach front development just up the road with 2 bedroom units selling for $2,700,000 each and apartments up to $15,000,000. This beachside strip would welcome the immediate development for a large number of potential development options e.g. from large 2 bedroom high end boutique residential units to one apartment per floor 300m2 plus 3 bedrooms + study sky home apartments in an exclusive high-end development to compete with the pricing of the billion dollar Jewel development. This, one of many options would be a highly competitive product for this exclusive area. Expressions of interest welcome.

Features:
- 4 x 1 bedroom units
- 3 x 2 bedroom unit
- 1 x 3 bedroom unit
- Security basement parking for 8 cars
- RD 8 zoning with unrestricted height
- Pool
- Approx. 160m to the beach

Sausalito Bay has been constructed to very high standards back in the mid 1980's and well maintained. It will be hard to find a better mid to long term investment in the number one Gold Coast destination for the 12 million visitors that visit Queensland each year.

Within 300m to north Broadbeach light rail station and with the extension of stage 3 for the G:link light rail south to Burleigh Heads, there is a great opportunity to invest now in Sausalito Bay for the future development.

Call Simon Francis today to book your inspection.

Property Features

  • Close to Shops
  • Close to Transport
  • Secure Parking