Set on a 405 sqm corner property with 36m of frontage at 122 Hedges Ave, the two-storey building comprises two, two-bedroom units on the ground floor and two, three-bedroom units on the upper level.

The property first hit the market in November, 2016 when it was marketed with No. 120, which Mr Headland also owned.

He sold No. 120 for $1.545 million in February, 2017.

In his latest marketing push, Mr Headland is seeking offers of more than $2 million for No. 122.

Agent Luke Henderson, of John Henderson Professionals Mermaid Beach, said the property offered “many financially rewarding opportunities” for potential buyers.

“The units are now generating annual rental returns of just more than $72,000, which creates for an investor to buy and hold the property,’’ Mr Henderson said.

“However, I can also easily imagine a buyer transforming the property with a dream home on the site.”

Mr Henderson said the property sat in a prime location only metres from the beach, minutes from Pacific Fair, Broadbeach Mall with its abundance of shops, restaurants, cafes and

thriving night-life, the light rail station, newly refurbished Star Casino and the Gold Coast Convention Centre.