Great Investment Opportunity: Situated in a premier location, this property offers buyers the flexibility to proceed with future development opportunities on 47-51 Ward Street which has DA approved with 41 apartments.
BEST VALUE DEVELOPMENT SITE IN SOUTHPORT, PLEASE CONTACT AGENT FOR FURTHER DETIAL AND BOOK PRIVATE INSPECTION.
Purchase Options:
OPTION A: 49-51 Ward Street: 2 vacant blocks, idea for a medium size project.
OPTION B: 47-51 ward Street: 47 Ward Street is also available separately or as part of the complete three-block package, providing further flexibility for buyers looking to expand the project, the 6 Bedroom house is currently tenanted. DA approved for 47-51 Ward Street for 41 apartments.
Key Highlights:
49-51 Ward Street
- Land Area: 1,209sqm (Double block)
- Zoning: RD5 Medium Density Residential
- Street Frontage: Approx. 40m
47 Ward Street (Available Separately or Combined)
- Land Area: 612m
- Zoning: RD5 Medium Density Residential
- Potential Holding Income: Substantial 6-bedroom house
- Expansion Opportunity: Can be purchased alongside 47-49 Ward Street to maximize potential.
Location Benefits:
- RD5 Zoning Medium density. 3 site amalgamation total 1836m2
- Premier location - close to numerous amenities
- Completed apartments are popular with investors and owner occupiers
- Rental income 47 Ward St ABOUT $3400 per week, lease finishes around July 2025
- DA approved for 9 stories and 41 apartments.
- Close proximity to Southport CBD, Light Rail, Gold Coast University Hospital, Griffith University, Ferry Road Markets, and the Broadwater.
