26 Francis Street
Mermaid Beach, QLD 4218

Overview

North-Facing Block of Three Units on Wide 14.5m Street Frontage

This property presents a rare and highly sought-after opportunity to acquire an entire block consisting of three strata-titled units, ideally located within one of the Gold Coast's most exclusive and tightly held beachside areas. It offers an exceptional prospect for astute investors or developers aiming to capitalize on a premium location that consistently experiences strong demand.

Situated on a generous 405 square meter parcel, the property boasts an impressive 14.5 meter wide street frontage and benefits from a favorable 15 meter height zoning. This north-facing site is just moments away from the pristine surf and golden sands of Mermaid Beach. The combination of wide frontage and height allowance provides significant development potential, whether for future redevelopment, land banking, or as a high-performing investment. The versatility of this site makes it a compelling proposition for those seeking to create a unique and valuable asset.

Mermaid Beach is widely recognized as one of the Gold Coast's premier coastal suburbs, offering a relaxed beachside lifestyle complemented by a strong sense of community. The location provides convenient access to a vibrant selection of cafes, restaurants, shopping, and recreational amenities, blending tranquility with convenience. It represents a prime opportunity for buyers seeking an enviable coastal address that continues to appreciate in value and appeal.

Property Specifications:

• Entire block of three strata-titled units
• Three units, each comprising two bedrooms and one bathroom, with a single lock-up garage per unit
• Generous 405 square meter block with wide 14.5 meter street frontage and 15 meter height zoning, offering excellent development potential
• Highly desirable north-facing aspect
• All units are currently leased with tenants in place, providing immediate rental income
• Short stroll to pristine, patrolled beaches
• Adjacent to the prestigious 'Millionaire's Row' of Hedges Avenue and within close proximity to Mermaid Beach Surf Club, parklands, vibrant cafes, and award-winning restaurants
• Positioned for a true walk-everywhere lifestyle with easy access to beaches, cafes, dining, parks, shops, public transport including the upcoming G:link extension, and Pacific Fair shopping center
• Conveniently located near the bustling dining and lifestyle precincts of Broadbeach and Nobby Beach

The current combined rental income for the block is approximately $2,200 per week, with individual unit leases as follows: Unit 1 lease expires on 20 May 2027, currently paying $750 per week; Unit 2 lease expires on 13 July 2026, currently paying $700 per week; Unit 3 lease expires on 28 October 2026, currently paying $750 per week.

Building insurance for the 2025-26 period is approximately $3,685 inclusive of GST.

Prospective purchasers are advised to conduct their own enquiries to verify all information provided. Some marketing images may include virtual furniture, enhancements, or digital alterations and are intended as a visual guide only. Interested parties should rely on their own inspection to assess the property's current presentation.

Location