143-145 Hedges Avenue
Mermaid Beach 4218

A rare opportunity has arisen to acquire an absolute beachfront double block on which to build a dream luxury home on exclusive Hedges Avenue.

The proposed 810m2 double block has a 20 meter beach frontage and is being offered to the market as one block, or two single blocks, measuring 405m2 each with 10 meters of beach frontage.

Either option will pave the way to build a luxurious family home on coveted 'Multi-Millionaires' Row', which boasts magnificent ocean views that can never be built out.

The prestigious address is one of a limited number along the coastline that have direct access to the beachfront, which also makes it a savvy purchase for investors looking for a land banking opportunity.

Currently occupied by a block of flats known as The Parthenon, the building has been amalgamated and will be demolished, with a new seawall to be built by the vendors, who also own the neighbouring double corner block., which they intend to build a new home on.

The vendors plan to build a statement beachfront residence designed by architect Bayden Goddard on the adjoining block, thereby adding to the prestige of this blue-chip location.

The Highlights:

- Hedges Avenue address, 810m2 absolute beachfront double block

- Potential for the block to be subdivided and purchased as individual 405m2 blocks

- Rare premium beachfront position with breathtaking, never-to-be-built-out sea views

- Opportunity to build a statement luxury home

- Land offered as a vacant lot with apartment building on the block set to be demolished

- Building of a new seawall at vendor's expense

- Located 2 blocks south of Mermaid Beach Surf Club

- Settlement proposed for early 2023, which is 14 days after demolition of the existing apartments; a new seawall built by the vendors, and issuance of a new title whichever is the later

Mermaid Beach is the Gold Coast's most prestigious beachside suburb, favoured for its pristine patrolled surfing beaches and laid-back lifestyle. Residents enjoy feeling part of a close-knit, family-oriented community with shops, cafes and other amenities within walking distance. The Gold Coast Light Rail, Pacific Fair Shopping Centre and The Star Casino are all within a 10-minute drive.

Don't miss the opportunity to secure this rare offering – contact Michael Kollosche on 04111 888 15 or Harry Kakavas on 0401 379 248.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.