DEVELOP. INVEST. LAND-BANK.
Secure a substantial 1,214m2 Medium Density Residential - RD4 zoned site in super quiet, central Southport location.
Currently comprising two existing residences in a front-and-rear configuration, the property offers strong potential holding income while providing the opportunity to investigate a future 6-7 townhouse/villa development (STCA).
Whether developing now or land-banking for the future, 37 Blake Street combines a significant landholding, existing improvements and potential income in an exceptionally convenient Southport position.
EXISTING RESIDENCES
1/37 BLAKE STREET - FRONT
2 Bedrooms | 1 Bathroom | 1 Carport
Rental appraisal: $650-$725 pw | $33,800-$37,700 pa approx.
2/37 BLAKE STREET - REAR
3 Bedrooms | 1 Bathroom | Tandem 2-Car Carport
Rental appraisal: $725-$800 pw | $37,700-$41,600 pa approx.
COMBINED POTENTIAL HOLDING INCOME
$1,375-$1,525 PW | $71,500-$79,300 PA APPROX.
THE OPPORTUNITY
- 1,214m2; Southport landholding
- Medium Density Residential - RD4 zoning
- Potential 6-7 townhouse/villa development (STCA)
- Two existing residences
- Potential holding income of $71,500-$79,300 pa
- Develop, invest or land-bank
- Quiet, established street
- Central Southport location
- No existing Development Approval (DA) - purchasers should undertake their own planning and development due diligence
CLOSE-BY PRIME SOUTHPORT LOCATIONS
- Blake Street Bus Stop - next door
- Corner shops - approx. 1 minute walk
- Brickworks Ferry Road - approx. 1.1km
- Light Rail Nerang Street Station - approx. 1.3km
- St Hilda's School - approx. 1.5km
- Southport Park Shopping Centre - approx. 1.7km
- Australia Fair - approx. 2.0km
- The Southport School (TSS) - approx. 2.0km
- Southport CBD - approx. 2.0km
- Easy access and under 10mins to Griffith University and Gold Coast University Hospital
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.
