Unlock the potential of this prime residential development site in the heart of Southport. These two adjacent properties offer a unique opportunity to create a vibrant, thriving community in one of the most sought-after areas of the Gold Coast. With the potential for an expansive outlook over both the Broadwater to the East and Parklands to the West, the enviable location and favourable zoning mean this site is poised for development and growth. Withing walking distance to shops and transport the site also has a solid holding income whilst relevant approvals are sought.
Property Highlights:
Strategic Location: Situated in a rapidly growing area of Southport, this property benefits from proximity to key amenities, schools, parks, shopping centres and the beautiful Broadwater. Enjoy easy access to major roadways and public transportation, ensuring convenience for future residents.
Zoning and Planning: Zoned Medium Density Residential (RD5) the current building height limit is 23 metres (subject to land area footprint, building design and Council Approval). There are a range of potential residential developments, and the current zoning allows for flexible planning and design.
Development & Investment Potential: With a combined footprint of 810 sqm* this parcel offers ample space for innovative residential projects. Southport is a priority development area and population growth is fuelling solid demand for new housing. Investing in this property positions you to capitalize on the area's growth and development trends, ensuring long-term value and investment returns.
Additional Details:
Current Rental Income: $59,020
Total Outgoings: $7,156
Lease Details: month to month leases
Frontage to Whitby Street: Total 20 metres
Location Highlights:
St Hildas School across the road
Queen Street Village & Tram Stop 400m
Southport Health Precinct 400m
Southport State School 300m
Southport CBD 1km
Australia Fair Shopping Centre 1.1km
The Southport Broadwater & Parklands 1.2km
Ferry Road Markets 1.2km
TSS School 1.9km
Do not miss this exceptional opportunity to shape the future of Southport! For more information, including a copy of the IM, please contact Paul Arnell on 0410 530 927 or email paul.arnell@au.knightfrank.com.
Disclaimer:
Gold Coast City Commercial Pty Ltd T/A Knight Frank Gold Coast has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice or as is otherwise necessary. No duty of care is assumed by City Commercial Gold Coast Pty Ltd T/A Knight Frank Gold Coast toward the recipient regarding the use of this information and all information given is given without responsibility.
