29 Seaside Avenue, Mermaid Beach QLD 4218

Beachside 250m | 3-unit block | 7 bed potential | renovated ground floor | quiet street This property presents a rare beachside consolidation opportunity, offering three units on a single 455m² block within a short walk of the sand and amenities. Its configuration as a small block, with modernised ground-floor units featuring high-quality finishes, is competitively strong for both a multi-income investment portfolio or a family compound, serving buyers seeking density and location over a single dwelling. The low building coverage and absence of development overlays provide tangible flexibility. The primary cost is the sub-3% gross yield against the estimated value, compressing cash flow and demanding a long-term capital growth outlook to justify the premium. The opportunity lies in the block’s scarcity value and the potential to capitalise on strong rental demand from the beach proximity. Acquire this for a hold strategy, leveraging its positional advantage and the optionality its form provides.