3 Panache Street, Molendinar, Qld 4214

Secure a High-Yield freehold property in Molendinar!

This stylish newly renovated 4-bedroom, 4-bathroom house plus a study nook not far from the heart of Southport offers strong rental returns of 7.2% with tenants paying $1,600 per week on a secure lease until end of September 2025 with possibility of renewal of lease. Will be sold fully furnished.
Located on a corner block in the heart of Molendinar, this home offers convenience with nearby schools, parks, and shopping centres. Easy access to major transport routes ensures connectivity to the Gold Coast's vibrant lifestyle.

Given its prime corner block location, this site has DA potential to knock down and rebuild 2 duplexes with dual street access STCA* or a brand-new bespoke residence tailored to your specifications.

WHY INVEST HERE?
This property offers the ideal mix of location, returns, DA and growth potential. With Griffith University and Gold Coast University Hospital only 2.9km away makes this an ideal accommodation site for students and health care workers. With demand for Gold Coast real estate soaring, this is your chance to secure an asset in a high-demand area poised for long-term success.

PROPERTY INFORMATION
Gold Coast City Council Rates: $2,300* p.a. approx
Gold Coast City Council Water: $1,740* p.a. approx
Minimal power bills as there's new solar system installed
Currently Rented: $1,600 per week rent on a secure lease until end of September 2025 with possibility of renewal of lease. 

If you are an investor looking for strong rental return and growth potential, 3 Panache Street offers limitless potential. Don't miss out on this chance to make your mark in one of Molendinar's most promising areas. 

Nearby Amenities
• Trinity Lutheran College 0.78km
• Aquinas College 1.23km
• Guardian Angels' Catholic Primary School 1.41km
• Ashmore City Shopping Centre - 1.9km
• Griffith University Gold Coast Campus - 2.9km
• Gold Coast University Hospital 3.0km
• The Club at Parkwood Village 4.0km
• Ashmore City Shopping Centre - 1.9km

For more information or to arrange an inspection, please contact the Exclusive Agents from ELDAD Property Group.

STCA* Subject to council approval