455 Cypress Terrace North, Palm Beach QLD 4221

Property Details: • Type: Block of Units

• Bedrooms: 8 • Bathrooms: 4

Description: Perfectly positioned in the highly coveted northern end of Palm Beach, this exceptional property offers the ideal blend of strong holding income and development potential. Set on a generous 812m² land parcel with a commanding 57.65m frontage, the site is zoned Medium Density Residential with a 29m height allowanceopening the door to a wide range of redevelopment outcomes in one of the Gold Coast's most tightly held beachfront precincts. Concept scheme available upon request for 4x Townhouses. The existing improvements comprise a solid brick, single-level building configured into 4 x 2-bedroom, 1-bathroom units, each with private parking (2 garages, 2 carports, and 2 open spaces) and rear yards. Currently returning approximately $2,100 per week ($109,200 gross p.a.), the property provides a strong income stream while plans are made for its next chapter. Located in a quiet, sought-after pocket just 230m to the sand and 330m to Tallebudgera Creek, the site is surrounded by lifestyle amenity, pristine coastline, and high demand for quality residential development. Key Highlights: - 812m² site with 57.65m frontage - Medium Density zoning with 29m height limit - Strong holding income: $109,200 gross per annum with scope to increase ($450-$550 per unit per week) - 4 x 2-bedroom units, solid brick construction (built c.1991) - Premium lifestyle location near beach and Tallebudgera Creek Campaign Details: The property will be sold via Expressions of Interest closing Thursday, 18th September (unless sold prior). Inspections by Private Appointments Internal photos available upon request. Please contact the Luke Reaby and Antonio Mercuri from GV Property Group for further details or for access to the Sharefile.