An interstate buyer has moved quickly to secure a place in one of the emerging Gold Coast markets, purchasing a Palm Beach property for more than $1 million within a month of it being listed for sale.

Situated in Palm Beach, 5 Molucca Avenue consists of a 70s retro single-level home of 285 square metres on a 632 square metre block, presenting the opportunity to live in now and develop in the future. 

At a glance:

• A residential property with development potential at 5 Molucca Avenue, Palm Beach has been sold for more than $1 million to an interstate buyer.
• The deal was negotiated by Greg Watson and Tara Imlach of REAL Specialists Commercial.
• The sales campaign generated 77 enquiries, 17 inspections, three verbal offers and four written offers.

The quiet suburban street of Molucca Avenue has proximity to Gold Coast Highway, offering a direct route to The Pines Shopping Centre.

Palm Beach is known for offering residents a lifestyle destination with a collective of the best restaurants on the Gold Coast surrounded by trendy bars, cafes, commercial office, and retail for the thriving shoppers.

Source: REAL Specialists Commercial

The deal for 5 Molucca Avenue was negotiated by Greg Watson and Tara Imlach of REAL Specialists Commercial, following a sales campaign which generated 77 enquiries, 82 per cent of which came from the agency's database, balance from referrals and signage.

The interest led to 17 inspections, which resulted in three verbal offers and four written offers before the property was placed under an unconditional cash contract.

Similar to this: 

Retro Gold Coast property with development potential for sale

GC property tech company engages Apple logo designer for launch

Gold Coast shopping centre for sale