🢠Unparalleled Development Opportunity with Strong Rental Income - 35 & 37 White Street, Southport QLD 4215!
Prime Location in Southport's Thriving Commercial Centre
35 & 37 White Street are ideally situated in the heart of Southport's bustling commercial hub, occupying a 1,526 square metre site. This prime location offers unparalleled convenience, with proximity to renowned facilities such as the Southport Courts, Australia Fair Shopping Centre, Gold Coast Aquatic Centre, and prestigious private schools like St Hilda's and Southport School.
Southport Priority Development Area (PDA) - Unmatched Flexibility
As part of the Southport PDA, these properties benefit from relaxed planning restrictions, allowing for future redevelopment without the traditional constraints of town planning regulations. This unique advantage significantly enhances the development potential of the site, opening the door to a wider range of possibilities and maximizing returns for investors.
Approved High-Rise Development - A Proven Opportunity
The site has already received approval for a 25-level high-rise tower (renewal required), featuring:
• 177 units with a diverse mix of layouts:
o 16 studio apartments
o 19 one-bedroom plus study units
o 114 two-bedroom units
o 19 three-bedroom units
o 8 luxurious three-bedroom penthouses
• 323 bedrooms in total
• A generous land area of 1,456m²
Current Configuration - Strong Rental Income
Currently, the properties consist of two blocks of 6 units each, separately titled and offering:
35 White Street:
• Land area: 728m²
• 4 x 1-bedroom, 1-bathroom units
• 2 x 2-bedroom, 1-bathroom units
• 6 carports
37 White Street:
• Land area: 728m²
• 4 x 1-bedroom, 1-bathroom units
• 2 x 2-bedroom, 1-bathroom units
• 6 carports
Current Rental Income: Approximately $225,420 per year, providing a stable and attractive income stream while awaiting future redevelopment.
Why Invest in 35 & 37 White Street?
• Strategic Location: In the heart of Southport's commercial and lifestyle hub.
• PDA Advantage: Unlock higher development potential with fewer planning restrictions.
• Approved Plans: Ready-to-go high-rise development with 177 units (renewal required).
• Immediate Income: Strong rental income of $225,420 per year.
• The existing 12 apartments (6 2 bedroom; 6 1 bedroom) have the potential to increase
annual rent by over $300,000 with minimal internal upgrades
• Flexible Options: Retain current income stream or redevelop for maximum returns.
Don't Miss This Rare Opportunity!
Whether you're an investor, developer, or looking for a long-term growth asset, 35 & 37 White Street offer unmatched potential in one of the Gold Coast's most sought-after locations.
📞 Contact Us Today to Secure Your Future Investment:
"RE/MAX Community Realty Real Estate has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement."
