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Overview
This unique property situated in the heart of Southport presents an unmissable development opportunity for investors and developers alike. Positioned on a generous 1,012 square meter block, the site currently comprises two separate dwellings which together generate a combined rental income of approximately $1,400 per week. The property is strategically located in a rapidly developing area with very limited land availability remaining, offering substantial potential for future growth.
The land is zoned RD5 medium-density residential, allowing development possibilities of up to 39 units, subject to council approval. This presents a rare chance to capitalize on one of the Gold Coast's most active growth corridors. The location affords convenient access to key amenities including the Gold Coast University Hospital, Griffith University, the Broadwater waterfront, prestigious schools, the light rail network, public transport options, and multiple shopping precincts.
This blue-chip asset is located in a sought-after area of the Gold Coast and comes with strong investment potential. The vendor has expressed high motivation and is open to offers, making this an excellent opportunity to secure a valuable property in Southport's flourishing market.
Key features of the property include four bedrooms, two bathrooms, and two parking spaces. Additional features enhancing lifestyle and convenience include air conditioning, broadband connection, built-in wardrobes, a dishwasher, pay TV capabilities, and a rainwater tank.
The current dwellings deliver a comfortable living environment while the expansive land size opens the door for substantial redevelopment and value creation in one of Queensland’s most promising urban precincts.
Prospective buyers are encouraged to undertake their own inquiries and due diligence to confirm all aspects of the property and its potential. This is an exceptional opportunity within the Southport suburb, offering both immediate income benefits and long-term capital growth prospects.
Local Market Insights
In Southport, Quiet Listings observed 30 new houses entering the market over the last 30 days, up from 18 during the previous 30-day period, with an average advertised asking price of $1,534,433. The property type mix of listed properties is predominantly Apartments at 33%, followed by houses (17%), and units (15%). Ray White was the most active agency in this area, representing 30.0% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Southport QLD 4215
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 103 m² |
Market Insights for Southport QLD 4215
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