Southport, QLD 4215

This exclusive off-market development site is located in the highly sought-after TSS Precinct of Southport, presenting a rare opportunity to acquire a prime 673 square metre block of land. This generous parcel offers the flexibility to design and build a luxurious five-bedroom dream home tailored to your personal style and preferences, providing a perfect blend of privacy, convenience, and stunning views.

The site also offers an exciting alternative for those interested in a ready-made solution, with plans available for two magnificent four-bedroom, three-bathroom homes. Each residence features two separate living areas, double lock-up garages, and inviting pools, all situated on a single title. This configuration is ideal for dual living arrangements, extended families, or investors seeking strong rental returns.

Situated within close proximity to vibrant shopping precincts, reputable educational institutions, pristine beaches, and the energetic central hub of Southport, this location offers an unparalleled lifestyle. Every amenity is just moments away, making it an ideal setting for families and professionals alike.

The property is zoned for low-density residential use, with a residential density code RD1 allowing one dwelling per 400 square metres. The site has a building height limit of 9 metres and a footprint area of approximately 310.49 square metres, with a site cover of 46.13%. Setbacks include 6 metres at the front and 1.5 metres on the sides and rear, with a height above ground level of 7.43 metres. The proposed dwellings are double-storey designs.

Estimated construction costs for the two four-bedroom homes with pools are approximately $900,000 plus GST each, totaling around $1.8 million plus GST for both. Alternatively, the five-bedroom dream home is estimated to cost between $1.1 million and $1.2 million, based on premium range home pricing.

Plans for the two detached homes and soil tests are available upon request. The development approval process is nearing completion, with no anticipated roadblocks, awaiting final council processing. While current zoning does not permit medium-density subdivision prior to construction, pathways exist to build a separated duplex and subsequently subdivide the property once the project is complete. This approach has precedent and is viewed positively by the council, subject to design, height, and setback requirements.

This vacant block represents a blank canvas for your architectural vision, offering the chance to create a bespoke sanctuary or a lucrative investment in a thriving precinct. Opportunities of this calibre are rare and unlikely to remain on the market for long.

Prospective buyers are encouraged to act swiftly to secure this exceptional development site and realize their dream home or investment in Southport's prestigious TSS Precinct.

Additional property information includes approximate annual council rates of $549. Water rates are currently not applicable as the land is vacant.

COVID-19 safety measures are advised for inspections, including social distancing and restrictions for those recently returned from overseas, unwell, elderly, or with compromised immune systems. Virtual tours are available for those unable to attend in person.