CEA18413 1P0104 0 vacant 30000000 BY EOI CLOSING FRIDAY, 7TH JUNE AT 12 NOON 1533 0 Roland Evans 0433 335 507 07 5538 8835 roland@canford.au Roland Evans 0433 335 507 07 5538 8835 roland@canford.au

29 Northcliffe Terrace Surfers Paradise QLD 4217 AUS 'The President'

UNIQUE BEACHFRONT INVESTMENT OPPORTUNITY WITH HUGE DEVELOPMENT UPSIDE Canford Estate Agents are pleased to bring to market 12 x Beachfront Apartments in one line at 'The President' building in Surfers Paradise, Australia offering a rare opportunity to get a substantial influential foothold in a building long past its prime. The President is a rare beachfront apartment block situated on the corner Northcliffe Terrace and Hamilton Avenue and is ripe for redevelopment. A passive rental income can be achieved whilst waiting for the property to bear fruit. 'The President' is made up of 34 units over 12 stories, 3 per floor and built in 1973. The property has a total land area of 1533m² * and has 2 levels of basement parking. The high-density residential zoning allows for unlimited building height (STCA) which presents a compelling investment or redevelopment proposition in the future. FEATURES: - Units are made up of 5 x 1 Bed apartments, 6 x 2 Bed apartments and 1 x 5 Bed Penthouse - 31m* beach frontage - Light rail station 600m* - Central Surfers Paradise 525m* - All units have at least one private undercover parking spot The property is being offered For Sale by Expressions of Interest, closing Friday, 7th June 2024 at 12 Noon. For further information, please contact the exclusive selling agent. * Approximately. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Area Views, Beach Front, City Views, Close to Schools, Close to Shops, Close to Transport