38 Messines Crescent Miami, QLD 4220

Rare 16.5m frontage is perfect for redevelopment for 2 townhouses or a luxury beachside home.

Positioned less than five minutes' walk from beautiful Miami Beach, this property includes, four tenanted residential apartments and presents exceptional buying for the savvy investor or property developer.

Centrally located within easy walk of local restaurants, bars, cafes, schools, public transport and sporting facilities, this property supports a relaxed, comfortable lifestyle just minutes from the beach. With excellent access to both Miami and Nobby Beach SLSC and minutes from both Miami State Primary and State High Schools, this property delivers enviable lifestyle conveniences, in terms of its location.

Frontage: 16.7m
Depth: 24.2m
Total area: 405m2

Unit 1
• 2 x bedrooms
• 1 x bathroom
• Rent $420 week
• Lease expires 6 March 2025

Unit 2
• 2 x bedrooms
• 1 x bathroom
• Rent $420 week
• Lease expires 22 November 2024

Unit 3
• 2 x bedrooms
• 1 x bathroom
• Rent $420 week
• Lease expires 22 November 2024

Unit 4
• 3 x bedrooms
• 1 x bathroom
• Rent $560 week
• Lease expires 27 February 2025

Total income: $94,640 year

Council Rates $4500 approx. per 6 months

210m or 3-min walk to Medical on Miami (medical centre and pharmacy)
300m or 4-min walk to Miami Beach
650m or 8-min walk to Miami Beach Surf Club
700m or 10-min walk to Miami State High School
750m or 11-min walk to Miami Marketta dining and entertainment venue
1km or 13-min walk to Nobby's Beach Surf Club
1km or 14-min walk to Burleigh Golf Club
1.6km or 5-min drive to Pizzey Park and Miami Aquatic Centre
4.6km or 9-min drive to Bond University
4.8km or 11-min drive to Pacific Fair Shopping Centre
14km or 19-min drive to the Gold Coast Airport