PRIME DEVELOPMENT SITE IN CENTRAL LOCATION - STRONG HOLDING INCOME
Michael Willems & Matt Taylor from RWC Gold Coast and Matthew Fritzsche from RWC Special Projects present 9 & 11 Water Street, Southport for sale via urgent auction. Boasting a lapsed development approval with a strong holding income and dual street frontage this is a desirable asset in the high growth suburb of Southport. This is the ideal opportunity for a builder, developer, investor or owner occupier to purchase a significant sized parcel located just minutes to the stunning Broadwater, local shopping, the popular Chirn Park retail precinct and the Southport CBD.
Key features are:
• Total land area of 1,214m2* over 2 titles
• To be sold as one
• Corner allotment with frontage to both Water Street and Shillito Street
• Two adjoining properties (4 rental incomes) providing a combined gross annual rent of $117,260.00*
• An ideal development for houses, townhouses/duplexes, apartments, short term accommodation
• Each property previously had individual DA approvals (9 and 10 units - now lapsed).
• Current zoning allows up to 8 levels and potential for 48 x 2 bed units (subject to Council approval).
• 1km* from the Southport CBD, the stunning Broadwater and the popular Chirn Park retail precinct
• Develop now or hold for future development
• Absolutely will be sold! Don't miss out
To be sold via public auction, Monday 27th January, 2025 10am at the RACV Royal Pines Resort. For more information or to arrange a private inspection please contact the exclusive marketing agents Michael Willems on 0412 240 176, Matt Taylor on 0429 959 429 or Matthew Fritzsche on 0410 435 891.
*approximately
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.
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