47 Rankin Parade

Discover the exceptional potential of this prime land parcel at 47 Rankin Parade, Main Beach a rare and highly sought-after opportunity for astute investors and developers in one of the Gold Coast's most tightly held coastal suburbs. This 405m²* level block is positioned in the heart of Main Beach overlooking the glorious Broadwater, less than 400m* from patrolled beaches and just 100m* from the vibrant Tedder Avenue precinct. The site currently houses an original brick apartment complex comprising three well-maintained dwellings: one two/three-bedroom apartment and two one-bedroom apartments, all with plenty of parking. Offering immediate holding income from existing tenancies, the property also presents outstanding redevelopment prospects. With a desirable Broadwater aspect and surrounded by premium residential homes, the site is ideally suited for a future residential development offering amazing Broadwater views. Its blue-chip location moments from the beach, Broadwater, and marina also makes it highly appealing as a land banking opportunity, with strong potential for long-term capital growth in a suburb undergoing significant regeneration. The Highlights: • Original apartment block on a 405m²* level site with significant redevelopment potential • Broadwater aspect in highly sought after location • Less than 400m* to patrolled beaches and 100m* to Tedder Avenue restaurants, cafés and retail • Excellent land bank opportunity with scope for a residential project • Apartments feature open-plan kitchen, living and dining areas, patios or balconies, bathrooms, laundry facilities and car parking • Prime Main Beach location surrounded by the beach, Broadwater and Main River • Short stroll to the luxury Marina Mirage precinct (currently undergoing a $500 million upgrade, approx. 1km away) • Close proximity to Southport Yacht Club and other exclusive lifestyle amenities Please contact the exclusive marketing agent Michael Willems on 0412 240 176. Disclaimer: In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own inquiries to verify the information contained herein. Auction: This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.