10 Errol Avenue Paradise Point, QLD 4216

On the market for the first time in over 30 years. Discover this exceptional investment gem in the heart of Paradise Point - a duplex pair on a single title, offering immediate rental income and outstanding development potential. Zoned within Precinct 3 (Multi-Unit Development) under the Paradise Point Local Area Plan, this property allows for medium-density residential redevelopment, including attached dwellings or apartments. With a generous land size of 539m² and approximate dimensions of 16m frontage by 34m depth, it's perfectly positioned for savvy developers or investors looking to capitalize on the Gold Coast's booming market.

Enjoy the ultimate lifestyle location: just a short stroll to the sparkling Broadwater for boating and leisure, close proximity to local shops, cafes, and amenities, all on a quiet, family-friendly street that promises peace and convenience.

Investor Alert: Secure dual rental incomes from the existing duplex setup - perfect for steady cash flow while planning your next move!

Key Selling Features:

• Duplex Pair on One Title: Two separate, well maintained units, each with 2 spacious bedrooms and 1 bathroom.
• Parking Convenience: Unit 1 includes a secure garage; Unit 2 features a carport plus driveway parking for each property
• Current leases - Unit 1 expires 30/08/2026 paying $520pw - Unit 2 expires 13/04/2026 - Paying $550pw
• Rental Appraisal: $650 - $695pw For each duplex
• Development Upside: Prime for redevelopment into multi-unit residential, subject to council approval - unlock higher yields in this sought-after suburb.
• Location Perks: A short stroll from Paradise Point's vibrant village, less than 100m to parks, and the Broadwater; easy access to transport and schools.
• Quiet Street Appeal: Serene residential setting boasting low traffic, ideal for tenants or future occupants with public transport close by

Don't miss this rare opportunity to invest in Paradise Point's future! Contact Matt today for more details or to arrange a viewing.

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.

Disclaimer: We have, in preparing this information, used our best endeavours to ensure that the information contained herein is true and accurate; however, we accept no responsibility and disclaim all liability for any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. *Denotes approximate measurements.

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