43 Wilson Street, Labrador presents a rare opportunity to secure strong immediate holding income today, with an approved development opportunity ready for the future.
Positioned on a prominent 731m² corner allotment, the property currently comprises two separate income-producing dwellings and comes with Council-approved Development Approval (MCU/2023/392) for two substantial free-standing residences.
For investors and developers, the strategy is simple: generate income now, reduce holding costs, and retain the flexibility to develop when the timing is right.
Two Established Income Streams
Main Residence Long-Term Rental
The high-set main residence offers:
* 3 bedrooms
* 1 bathroom plus separate toilet
* Open-plan living
* Undercover parking
* Ground-floor storage and laundry
* Additional ground-floor bathroom and toilet
The property is currently leased at $795 per week until 15 November 2026, providing an established and secure long-term income stream.
Second Residence Short-Term Accommodation
The separate modern residence offers:
* 2 bedrooms
* 1.5 bathrooms
* Large sunroom / home office
* Expansive upper balcony
* Excellent natural light
* Separate accommodation from the main residence
Currently operated as short-term accommodation, the property has been generating approximately $1,500$1,700 per week in average gross rental income*.
Combined with the long-term tenancy, the two residences currently generate approximately $2,295$2,495 per week in gross income, equivalent to approximately $119,000$130,000 per annum*.
This level of dual-income performance provides buyers with the ability to substantially offset property holding and finance costs while retaining full flexibility for future development.
Council-Approved Development Opportunity
The property benefits from an existing Development Approval for two separate free-standing residences, providing a significant head start for buyers wishing to redevelop the site.
The approved plans provide for two substantial residences of approximately:
Residence 1 194.98m² GFA
Residence 2 217.68m² GFA
with a combined approved gross floor area of approximately 412.66m².
Rather than purchasing a development site that produces little or no income while waiting to build, 43 Wilson Street offers the opportunity to earn substantial rental income during the holding period and commence development when market conditions and timing suit the owner.
Corner Position with Dual-Street Frontage
The prominent Wilson Street / Edward Street corner position provides excellent site accessibility and forms an important part of the approved development configuration.
The approved plans include separate residences, private open spaces and four resident car spaces across the development.
Extensively Renovated in 2025
Both existing residences underwent significant renovations in 2025, improving their rental appeal and allowing the property to continue producing income without the immediate capital expenditure often associated with older development sites.
Invest Today. Develop Tomorrow.
43 Wilson Street combines three characteristics rarely found together:
Strong dual rental income.
A substantial corner site.
An existing Council-approved development opportunity.
Investors can continue operating the property as a dual-income asset while holding for future capital growth, while developers have the option to activate the existing approval and construct two substantial new residences.
All within minutes of the Broadwater, Chirn Park, Southport CBD, Gold Coast University Hospital and Griffith University.
Contact Cruise Zhang on 0413 433 993 to request the Information Memorandum, approved development plans, rental information or to arrange a private inspection.
*Short-term accommodation income is historical/indicative gross income only and may vary due to occupancy, seasonality, operating costs and other factors. Buyers should undertake their own financial and development due diligence.
