Situated on the high end of Johnston Street this triple parcel of land development site comes with 2690m2 of land and DA approval for 10 large Townhouses.
Currently existing 3 homes tenanted on a monthly rental agreement.
The double street frontage of this site allows the astute investor to embrace several options:
1 – Leave as it is and bank on land value
2 – Build Now 10 townhouses and rip the best revenue before 2018 Commonwealth Games
3 – Further redesign with more Townhouses and or Child Care Facility (subject to Council Approval).
Southport as the gateway city to the Gold Coast is a place of opportunities, that over the next decade will transform into a globally recognised city while retaining its enviable lifestyle and stunning natural environment.
Extended light rail network, creating better connectivity to the Gold Coast city, parks and retail areas. The Gold Coast has reclaimed Southport as the traditional Central Business District and already we are seeing more interest in Southport as a significant hub for business, retail and residential development.
*Approx
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.