35 Watson Esplanade

Surfers Paradise QLD 4217

627 m²

Block of units

Currently for sale - view listing

Overview

WATERSIDE DEVELOPMENT OPPORTUNITY WITH STRONG HOLDING INCOME IN THE HEART OF SURFERS PARADISE

Positioned within one of the Gold Coast's most tightly held waterfront precincts, 35 Watson Esplanade, Surfers Paradise presents a rare opportunity to secure a prime high-density development site with strong existing holding income in place. Occupying a prominent 627sqm corner allotment with dual street frontage, this fully leased block of six units offers immediate cash flow together with exceptional long-term redevelopment potential within the sought-after High Density Residential zoning precinct. Located just moments from Surfers Paradise beach, Cavill Avenue, light rail, world-class dining, retail and entertainment, this is a strategic acquisition opportunity in one of Australia's most iconic coastal markets. Property Highlights: 627sqm corner block with dual street frontage Entire block of 6 units on a single title High Density Residential zoning HX Unlimited Height Precinct No prescribed height limit (STCA) RD7 Density Precinct Strong existing holding income with future redevelopment upside Walking distance to beaches, Cavill Avenue, light rail, restaurants and entertainment Exceptional central Surfers Paradise location Must be sold genuine opportunity for developers and investors Existing Improvements: 4 x One Bedroom Units 1 x One Bedroom + Office Unit with private garden 2 x Two Bedroom Units Current Rental Income: Current Weekly Rent: $3,235.00 per week Projected Weekly Rent: $3,610.00 per week Current Annual Rental Income: $168,220.00 Projected Annual Rental Income: $187,720.00 Current Gross Yield: 4.00% Projected Gross Yield: 4.46% This is a unique opportunity to secure a blue-chip waterfront holding with immediate income and significant future development potential within one of the Gold Coast's most active growth corridors. For further information, rental figures or to arrange a private inspection, please contact the exclusive agents.