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Overview
Blue-Chip Dual Site Offering – 1146m2 Prime Development with dual street frontage Mermaid Beachsi
This exceptional offering in the heart of Mermaid Beach presents a rare opportunity to acquire a substantial dual-site package totaling approximately 1,146 square meters of premium beachside land. Located just moments from the pristine sand and surf, this property is ideal for investors, developers, or those seeking a unique lifestyle opportunity in one of the Gold Coast's most desirable areas.
The combined sites at 22 Mermaid Avenue and 30 Alexandra Avenue provide a significant footprint for landholding, development, or investment, allowing for a variety of future possibilities subject to council approval.
30 Alexandra Avenue is a development-ready RD8 zoned site, featuring a level 516 square meter block with a wide frontage of 16.9 meters. This high-density residential zoning permits multi-level redevelopment (subject to council approval). Currently, the site is configured as three single-level villas, each with two bedrooms, and offers generous on-site parking with six car spaces. The property generates a strong holding income potential, with a conservative combined rental return of approximately $2,350 per week.
22 Mermaid Avenue is a classic beachside residence situated on a substantial 630 square meter block. The original 1970s double-storey brick and tile home includes four spacious bedrooms and two bathrooms, complemented by a fully self-contained one-bedroom granny flat. This dual living arrangement is perfect for extended family living or short-stay accommodation. The home is well-maintained and retains charming vintage features throughout. The rental potential is estimated at approximately $1,600 per week, conservatively.
The Opportunity: Together, these two properties form an ultra-versatile site ideal for developers, investors, or owner-occupiers seeking a strategic beachside landholding with multiple income streams and long-term growth potential. Immediate rental returns are available while planning for a luxury multi-dwelling development, boutique apartments, or an expansive family compound, subject to council approval.
Location Highlights:
- Less than 300 meters to the beach
- Walking distance to Broadbeach dining, cafes, and Pacific Fair Shopping Centre
- Easy access to public transport, light rail, and schools
- Tightly held pocket with strong demand and limited supply
This is a once-in-a-generation chance to secure an iconic piece of Mermaid Beach. Whether you choose to invest, develop, or landbank, this property offers exceptional potential in a highly sought-after coastal location.
Note: All figures and dimensions are approximate. Prospective buyers should conduct their own investigations and seek council advice regarding development potential.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Mermaid Beach QLD 4218
Market Insights for Mermaid Beach QLD 4218
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