YR Property Group is proud to present a unique opportunity to secure 9 & 11 Darrambal Street, Chevron Island - an exceptional amalgamated landholding spanning approximately 1,012m²*, combining healthy existing rental income with compelling development potential in one of the Gold Coast's most sought-after high-density residential precincts.
Offering an impressive frontage of approximately 30 metres and a depth of approximately 33.75 metres, the site currently comprises a duplex and a block of four two-bedroom units. These established residential improvements generate a healthy rental income, providing purchasers with a valuable holding return while considering future development opportunities.
Key site attributes include:
• Combined land area of approximately 1,012m²*
• Approximately 30-metre frontage and 33.75-metre depth*
• Existing duplex and four two-bedroom units
• Healthy existing rental income
• High Density Residential zoning
• No prescribed building height restriction*
• Potentially suitable for high-rise redevelopment* (STCA)
• Ideal for developers, investors and land banking
Chevron Island is one of the Gold Coast's most sought-after locations, offering an exceptional combination of lifestyle, convenience and connectivity. The Chevron Island shopping and dining precinct, cafés, restaurants, HOTA, public transport, central Surfers Paradise and the beach are all within easy walking distance, making this location truly second to none.
As the Gold Coast prepares for its role in the Brisbane 2032 Olympic and Paralympic Games and continues to experience strong forecast population growth, opportunities to secure well-positioned amalgamated landholdings of this scale are likely to become increasingly scarce and highly sought after. The city's growing need for additional housing further strengthens the long-term investment and redevelopment potential of the property.
With its substantial landholding, generous frontage, established rental income and future development potential, 9 & 11 Darrambal Street presents an exceptional opportunity for developers, investors and landbankers to secure a strategically positioned property in the heart of the Gold Coast.
The property is offered for sale by Expression of Interest closing Wednesday 14th October. All parties are encouraged to submit their offers on or before the close of the campaign. The sellers reserve the right to accept any offer they deem satisfactory before the closing date; therefore, early submissions are strongly encouraged.
For the price guide or further information, please contact the agent, Anthony Yu, on 0430 324 031.
*Land dimensions and areas are approximate. All development potential, building height, development yield and future uses are subject to detailed planning assessment and approval by the City of Gold Coast and any other relevant authorities. Prospective purchasers must undertake their own enquiries and obtain independent professional advice.
Disclaimer: While every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact and must satisfy themselves by inspection, independent enquiries or otherwise.
