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.
Disclaimer: Matrix Global 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 inquiries 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, all information given is given without responsibility.
