Sheldon Paris of Raine & Horne Elite is proud to introduce to the market 6 Boundary Lane, Tweed Heads.

This blue-chip land lot, situated atop Duranbah Hill, offers a substantial 506sqm with DA approval for a 7-level development featuring 9 boutique apartments, with partial ocean views of one of the world's best surf breaks and beaches.

The development approval includes six 2-bedroom apartments, three 3-bedroom apartments, a communal ground pool, an exclusive pool for the double-story penthouse, two basements, a car stacker, and a turn table.

Located in the highly sought-after and tightly held Gold Coast precinct of Tweed Heads, this rare parcel of land is just 265m from the world-famous Snapper Rocks and won't be on the market for long.

Property Highlights:

- Architecturally designed boutique DA-approved site with 7 levels

- Approved for 9 boutique apartments, including a double-story penthouse

- Elevated block spanning 506 sqm

- Prominent north-facing position overlooking Snapper Rocks and Surfers Paradise

- Holding income of approximately $100k per annum across five tenanted units*

DA Summary

- 6 x 2 bedroom units

- 3 x 3 bedroom units

- Carparking across 2 basement levels

- 2x swimming pools

- 6 storeys

Location:

- Approximately 265m* to Snapper Rocks.

- 75m* to Coolangatta restaurant and café precinct.

- 100m* to public transport and parking.

- 4km* to Gold Coast Airport.

- Strategically located in one of the Gold Coast's most in-demand growth precincts, Tweed heads.

- This ultra rare site is surrounded by world famous surf breaks including Kirra, Greenmount, Rainbow bay, Snapper Rocks, and Duranbah.

The marketplace is experiencing unprecedented interest from local, interstate, and international buyers looking to purchase properties on the southern end of the Gold Coast, particularly between Broadbeach and Duranbah. The massive supply and demand imbalance, combined with record-breaking apartment sales that continue to skyrocket month-on-month, creates the perfect opportunity for new purchasers to capitalise on these severe shortages, especially in the owner-occupier market.

For sale via Expressions of Interest, closing on 23rd of September 2024 at 5PM.

Contact exclusive agent Sheldon Paris for more information.

Disclaimer: *Approximately/ STCA. Borders, images & locations may be indicative only. Rates of return are estimates only. Outgoings are as supplied by the owner. The Agent/Agency has not independently checked any of the information we merely pass it on. We make no comment on and give no warranty as to the accuracy of the information contained herein and no part of this material should be relied upon in forming any financial decision by you, the reader. All persons reading this material must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice or as is otherwise necessary. No duty of care is assumed by the Agent/Agency toward the recipient with regard to the use of this information and all information given is given without responsibility or liability.

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