12 Lorraine Avenue
Marcoola, QLD 4564

An exceptional opportunity awaits at 12 Lorraine Avenue, Marcoola, also known as 41 Petrie Avenue, presenting a rare coastal property just a short distance from the beach. This premium location offers significant potential for developers, investors, or lifestyle buyers seeking a unique investment or residence in a highly sought-after area.

The property comprises four rental dwellings with a combined gross rental income approaching $100,000 per year. Included is an existing two-story, three-bedroom residence featuring a single garage, currently leased. Additionally, there are three two-bedroom townhouses, all leased, situated on a single title, providing a consolidated investment opportunity.

This corner block spans approximately 900 square meters, offering substantial development potential subject to council approval. The site benefits from a large communal pool and barbecue area, enhancing the lifestyle appeal for residents and tenants alike.

Located moments from the beach, cafes, shops, and local amenities, the property enjoys a prime position within a tightly held coastal community. This opportunity is ideal for those looking to invest, develop, or enjoy beachside living with income potential in a blue-chip location.

With its combination of existing income, development prospects, and desirable location, this property represents a compelling proposition for a range of buyers. The blend of residential dwellings on one title simplifies management and future development possibilities, making it a standout offering in the Marcoola market.

Overall, this property offers a unique chance to secure a valuable asset in a coastal setting, combining lifestyle benefits with strong investment fundamentals.