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Overview
This rare property in Southport offers a unique blend of substantial scale, historical ownership stability, and future developmental potential, all within a prime and tightly held location. Spanning 2,390 square meters, the property comprises a double block with an east-facing frontage approximately 40 meters wide and a depth of around 60 meters, presenting an expansive landholding not commonly available in established areas.
Having been retained under the same ownership for an exceptional 50 years, this dual-titled estate provides a distinct opportunity for buyers to invest in a versatile land parcel with multiple possibilities. Its considerable size allows for exploration of subdivision, redevelopment, or multiple dwelling projects, subject to council approval, making it an attractive prospect for developers, builders, and investors with foresight.
The property comes with merits beyond just land size; its location offers commanding views of the high rises in nearby Main Beach, adding aesthetic value and potential for dynamic future use. The existing double block configuration enhances flexibility, allowing for a strategic approach to long-term land banking or creating a private estate that reflects a variety of needs and aspirations.
Boasting six bedrooms, three bathrooms, and extensive parking capacity for six vehicles, the accommodation supports a large household or multiple tenants if the existing dwellings are utilized. This breadth of space, coupled with its significant outdoor area, aligns well with the needs of owner occupiers desiring ample room alongside those seeking long-term investment opportunities.
Overall, this property stands as a significant landholding with a rare combination of scale, history, and opportunity, inviting buyers to undertake due diligence and envision viable next steps in utilizing the site's potential.
Local Market Insights
In Southport, Quiet Listings observed 35 new houses entering the market over the last 30 days, up from 25 during the previous 30-day period, with an average advertised asking price of $1,426,286. The property type mix of listed properties is predominantly Houses at 30%, followed by apartments (26%), and units (14%). The most active agency for houses in the Southport area is currently Ray White, representing 40% of new listings, followed by McGrath Estate Agents with 14%. 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
Market Insights for Southport QLD 4215
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