11 Christine Avenue MIAMI QLD 4220
$5million

DESCRIPTION

Tara and Beau from LJ Hooker Commercial are proud to present this exceptional freehold property to market—a rare investment and development opportunity in one of Miami's most sought-after streets. Situated on a generous 850sqm block, this property features five residential units generating a strong net income of over $130,000 per annum with significant value-add an development potential.

The property comprises three older timber units at the front and two more modern brick units at the rear, providing a diverse rental mix. Investors can benefit from a strong holding income while planning a redevelopment to maximise the site's potential. With its current solid rental yield and increasing demand for housing, this asset presents an outstanding opportunity for long-term growth.

Asset Highlights:
- Prime 850sqm freehold site in a high-demand coastal suburb
- Five residential units with a strong holding income of $130,000+ p.a.
- Zoned for 22-25 units – ideal for future redevelopment
- Proximity to Christine Avenue Light Rail Station (Stage 3 extension)
- Diverse rental mix – three timber units & two modern brick units
- Strong growth potential in a rapidly evolving urban precinct

Miami is experiencing unprecedented demand, with its prime coastal positioning and close proximity to essential amenities, retail precincts, and lifestyle attractions. The site's strategic location makes it an ideal candidate for high-density residential living, aligning perfectly with the city's growth strategy.

This is a rare chance to secure a high-potential site in one of the Gold Coast's most dynamic growth corridors. Whether you're looking to develop immediately or landbank for future gains, this property is a must-consider. Contact Tara and Beau at LJ Hooker Commercial today to explore this outstanding opportunity further.

Disclaimer:
All information (including but not limited to the property area, floor size, price, address and general property description) is provided as a convenience to you, and has been provided to LJ Hooker by third parties. LJ Hooker is unable to definitively confirm whether the information listed is correct or 100% accurate. LJ Hooker does not accept any liability (direct or indirect) for any injury, loss, claim, damage or any incidental or consequential damages, including but not limited to lost profits or savings, arising out of or in any way connected with the use of any information, or any error, omission or defect in the information, contained on the Website. Information contained on the Website should not be relied upon and you should make your own enquiries and seek legal advice in respect of any property on the Website. Prices displayed on the Website are current at the time of issue, but may change.