29 Bullimah Ave, Burleigh Heads QLD 4220

Situated in the highly sought-after and tightly held Koala Park enclave of Burleigh Heads, this exceptional property represents a prime opportunity for developers, builders, and owner-occupiers alike. The offering includes a sizable 607 square meter land parcel with medium-density RD5 zoning, setting the foundation for a variety of potential developments, renovations, or rebuilds subject to council approval.

The property currently comprises a single-level residence configured into three self-contained units, each featuring two bedrooms and one bathroom. This layout provides valuable holding income potential, with two units presently leased and one unit vacant, collectively offering an estimated rental return between $2,100 and $2,240 per week. Such a setup is particularly appealing for investors seeking income while planning future projects.

Residents and future developers benefit from an unparalleled coastal location only 110 meters from the pristine Tallebudgera Creek and a brief stroll to Echo Beach, ensuring access to beautiful natural surroundings and recreational opportunities. The address on Bullimah Avenue is synonymous with quality, surrounded by other quality homes and impressive multi-dwelling developments in Koala Park, underscoring the exclusivity and enduring appeal of the area.

• Premium Bullimah Avenue location within exclusive Koala Park
• Generous 607m² block zoned for medium-density residential use (RD5)
• Existing configuration of three separate two-bedroom units with air conditioning and ceiling fans
• Private outdoor spaces including courtyards, garden sheds, and fenced grassed areas across the units
• Single garage plus additional off-street driveway parking
• Immediate rental income with substantial future development or land banking potential (STCA)
• Proximity to Burleigh Heads beaches, dining, schools, shopping, and public transport ensuring lifestyle conveniences

This property is ideal for those looking to capitalize on the growth of Burleigh Heads with the flexibility to maintain income through leasing or to develop a bespoke coastal living experience. Its rare availability within such a coveted and tightly controlled street underscores the unique nature of this opportunity.