Property Boutique presents 1276 Gold Coast Highway, Palm Beach. Sitting on the corner of Fourteenth Avenue Palm Beach.

This site is near the Cote Development by Rob Steer. Take note, across the road towards the beach, most of the buildings are newer homes and are low in height. This development will have a great ocean outlook!

Property Highlights:

· 1,783m2 Dual Fronted Development Site

· Expansive 50m Frontage to Fourteenth Avenue

· 29m Height Limit / RD6 Zoning

· Development Approval for 58x Apartments across 9 levels

· Current Asset: Commercial building generating c. $210k P/A plus outgoings

Existing Land Use:

Palm Beach Health Centre comprises over 19 separate tenancies across which house 8 key tenants.

The rear of the lot provides off-street parking for 15 cars and 5 lock-up garages.

Some info on the leases - they were given a notice to vacate June 2022 due to demolition. Notice to vacate by June 2023. We can keep you updated on the current status of these notices.

Seller will consider offers with extended settlements between 6 months and 12 months.

Want to know more? Contact me on 0405821001 today!