8 Tenanted Villas | Approx. $250,000 Gross Income | Code-Assessable Development Potential
A standout opportunity for developers, investors, or landbank buyers seeking strong holding income and a clear, code-assessable path to redevelopment in one of the Gold Coast's most tightly held growth precincts.
Positioned just 50 metres from the Broadwater, this flat, regular-shaped site of approximately 1,517sqm is zoned Medium Density Residential with a mapped building height of up to 29 metres (approximately 78 storeys). Current planning controls allow development to proceed under code assessment, significantly streamlining the approval process and avoiding public notification.
The property is improved with 8 fully tenanted villas and a pool, generating a strong income stream from day one.
PROPERTY SNAPSHOT:
- Land Size: Approx. 1,517sqm
- Zoning: Medium Density Residential (Gold Coast City Plan v9)
- Building Height Overlay: Up to 29 metres (Category H)
- Density Overlay: RD6 1 bedroom per 25sqm of site area
- Frontage: Wide street frontage to Back Street
- Existing Improvements: 8 self-contained villas + pool
- Tenancy Status: Fully leased with stable income
- Gross Income: Approx. $250,000 per annum
DEVELOPMENT POTENTIAL (STCA):
- 78 storey apartment building (within code limits)
- Short-stay, co-living or boutique accommodation models
- Multi-unit townhouse development
- Landbank opportunity with strong holding return
LOCATION HIGHLIGHTS:
- Only 50 metres to the Broadwater foreshore
- Nearby Harbour Town Shopping Centre, Southport CBD and M1
- Located in a premium coastal pocket surrounded by established and emerging medium-rise projects
- Strong demand from both owner-occupiers and investors in this growth corridor
CONTACT AGENTS:
All income information, and rental schedules are available upon request. The seller is motivated, and all serious offers will be considered.
DISCLAIMER:
All information provided in this listing is gathered from sources believed to be reliable, including Council interactive mapping, owner-supplied financials, and planning instruments current as at the date of publishing. However, the agent, seller, and any associated parties make no representation or warranty (express or implied) as to the accuracy, correctness, or completeness of the information. Interested parties must conduct and rely on their own independent investigations and satisfy themselves in all respects, including planning constraints, approvals, site suitability, and financials before entering into any transaction.
