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5 / 276 The Esplanade
miami
QLD, 4220

SOLD

Sold for $925,000

listing rooms 2
listing bathrooms 1
listing parking 1

Invest Or Nest - Fantastic Beachfront Investment Opportunity!

Live the ultimate Gold Coast beachfront lifestyle today from this fantastic apartment located just a stone's throw to the sparkling Pacific Ocean, local surf clubs, boutique shopping & restaurants and only a short walk to some of the best local distilleries and breweries on the coast.

This is a fantastic opportunity for the astute investor, first home buyer or retiree to add a blue-chip property holding to their portfolio or to simply move in and enjoy the amazing lifestyle of one of Australia's best beachside suburbs.

The building 'SEVENTH AVENUE' is an original brick and tile construction with just 12 units sharing a generous 1,002M2 corner block allotment ripe for future redevelopment & developer interest

The unit has low holding costs at just $73.00 p/week body corporate and a rental yield in the vicinity of $750.00-$800.00 p/week or more through boutique Air-BNB holiday letting. The building has no on-site management or expensive amenities helping to keep the body corporate low.

Beachfront land in Burleigh Heads & Miami is quickly being developed & bought out by large investment funds with a limited supply of original buildings left for re-development.

Positioned perfectly on the Esplanade, you're only a few steps from basking in the beauty of Burleigh Heads beach, famous for its world-renowned surf break, iconic headland, and stunning nature reserve.

If you feel like venturing into town, it's just a short, easy stroll to James Street, Burleigh's popular shopping precinct with its bustling cafes, award winning restaurants, two supermarkets, organic health food shop, designer fashion and homeware boutiques and vibrant community.

Featuring an open plan lounge, dining with access to the balcony, a neat and tidy kitchen with plenty of cupboard space and two bedrooms both with built-ins and ceiling fans. Also has easy access off the Esplanade to a single undercover basement car space.

- $73.00 per week body corporate'
- $700.00-$750.00 p/w rental return
- Located on 2nd floor in a small well-maintained boutique building
- One of only 12 units sitting atop 1012sqm of prime beachfront land.
- Open plan design, with natural light & access to multiple balconies
- Neat and tidy kitchen with electric cooking & plenty of cupboard space
- 2 large double bedrooms both with built in robes, master with balcony access.
- Easy access under the building to the single car space
- No lift, pool, or on-site manager costs in this well-built block
- Located on the Esplanade directly across from pristine Burleigh Beach
- Close proximity to the popular James Street hub with trendy cafs, restaurants & shopping boutiques
- Walking distance to transport, surf clubs and Woolworths in Burleigh
- 10-minute drive to M1 Pacific Motorway
- 10-minute drive to Robina
- 20-minute drive to Coolangatta Airport & Tweed
- 45 minutes to outskirts of Brisbane 60 minutes to Brisbane Airport

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

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About miami

median house price

896000

suburb growth

8.0%

median house rent

750

suburb rental yield

4.4%

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Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.

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