Positioned on a substantial 1,012sqm parcel in one of Southport's fastest growing precincts, this property presents an outstanding opportunity for developers, investors and landbankers seeking a ready to go site with strong underlying fundamentals and significant future upside potential.
DA approved plans are available for a five storey building with 12 apartments consisting 8 two bedroom and 4 three bedroom units across five levels, featuring a rooftop pool and covered outdoor terraces that command incredible views.
Positioned just off Nerang Street, this well located asset offers exceptional accessibility and exposure within one of the Gold Coast's most tightly held growth corridors.
Zoned RD5 (Medium Density Residential) with a 23 metre height limit, this substantial site presents exceptional scope for future redevelopment (STCA) within a precinct experiencing strong and continued demand. Whether considering boutique apartments, luxury townhouses or a strategic long-term landbank the possibilities are compelling. The existing residence provides immediate rental potential while future planning, designs or redevelopment concepts are explored. A tightly held site offering significant upside, opportunities of this calibre rarely become available.
The existing single level four bedroom residence has a lease in place until April 2027 and provides a practical holding asset, allowing the new owner to secure a substantial parcel of land in a highly sought after Southport location with income being produced from the day they receive the keys.
The location is a standout feature, offering easy access to public transport including the light rail, Queen Street Village which includes IGA, GYG, EMF fitness, Terry White Chemist, Dendy and dining precincts, schools, medical facilities and major Gold Coast attractions.
With its generous landholding, favourable zoning and strong development credentials, opportunities of this scale are increasingly difficult to secure.
Key Property Highlights
• 1,012sqm substantial landholding
• Development site with significant potential
• DA-approved plans available for 12 apartments (ranging from 131 to 161sqm) across 5 levels, including a rooftop pool and covered outdoor terraces
• RD5 Residential Density
• Medium Density Residential zoning
• 23 metre height limit
• Existing four bedroom residence currently rented until April 2027
• Ideal development, investment or land banking opportunity
Disclaimer - In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own inquiries to verify the information contained herein.
Auction Listing
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