This is a rare opportunity to acquire a ready-to-execute development site in the Medium Density Residential Zone, with Development Approval (DA) and Building Approval (BA) already in place and foundation slab completed.
A change in the owner’s circumstances now presents an ideal opportunity for a builder, developer or investor to take over a project where much of the time-consuming groundwork has already been completed, significantly reducing development timelines.
Development Details
• DA & BA approved
• Approval for 2 double-storey townhouses
• Each townhouse designed with:
o 3 bedrooms
o Master with ensuite
o Lock-up garage
o Open plan living
• Foundation slab already poured
• Driveway completed
• Services and connections already installed
• Architectural plans available upon request
With key site works already completed, the project is ready to move straight into the construction phase, saving valuable time compared with starting a new approval process.
Existing House – Holding Income
The property also includes an existing three-bedroom home currently tenanted, providing holding income while the townhouse development is completed.
Upstairs includes:
• Three generous bedrooms
• Spacious lounge area
• Open living and dining space
• Semi-renovated kitchen
Downstairs offers a flexible space that can be converted into additional rooms, storage or entertainment area, allowing further value-add potential.
Strategic Location
Positioned in a highly connected location with strong demand for townhouse living:
• Immediate access to M1 Pacific Motorway
• Approx. 15 minutes to Surfers Paradise
• Approx. 15 minutes to Pacific Fair Shopping Centre
• 5 minutes to Nerang Mall
• 2 minutes to Nerang Train Station
• 2 minutes to Nerang State School
Investment Opportunity
Opportunities with DA & BA approvals, groundwork completed and existing rental income are rarely available.
For developers looking for a fast-track project in a growing Gold Coast corridor, this site presents a low-risk opportunity with reduced approval delays and immediate development potential.
Contact the agent to request the full development plans and information pack
Disclaimer: In preparing this information AKN property group has used its best endeavors to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies, or misstatements that may occur. Prospective tenants and buyers should make their own enquiries to verify the information contained herein.
