18 - 22 Norman Street, Southport QLD 4215

This is a unique development opportunity located in the heart of Southport, comprising a rare triple-lot assembly totalling approximately 1,215 square metres. The consolidated landholding offers substantial scale for development within the Southport Priority Development Area, situated just metres from the Broadwater, placing it in a premium blue-chip location that benefits from proximity to the vibrant Southport CBD and Australia Fair retail precinct.

The current development approval enables the construction of a 32-storey residential tower, encompassing 151 apartments and 163 car parking spaces, standing approximately 102.5 metres in height. This significant uplift contrasts with the previous approval of 68 apartments over 14 storeys, reflecting the strong development potential and strategic value of the site.

• Prime urban location within one of the Gold Coast’s most evolving corridors, close to major health, education, and transport infrastructure including light rail.
• Substantial scale for residential development with a current approval accommodating high-density living suitable for investors and developers targeting a major employment and service hub.
• Existing improvements on-site generate a confirmed holding income of approximately $187,720 per annum, providing steady revenue during the development phase.

This opportunity is well suited for experienced developers seeking to capitalize on the growth in Southport, with the potential to enhance residential offerings in a well-connected precinct close to waterfront amenities. The landholding and the approved plans reflect a high degree of flexibility and scale, supporting a landmark residential project that will contribute significantly to the urban landscape of the region.

Prospective buyers are advised to undertake their own due diligence to fully assess conditions of approval, existing income streams, and development possibilities.