Large Southport development site, on a 1220m2* block with a DA in place for
21 apartments with two street access.

The site currently has two rented properties on it, providing an income and
is perfectly located close to transport, schools & shops, with Southport CBD,
Hospital & Griffith University all within close proximity. The home on the Ward
street side is a tidy single story home offering 3 generously sized bedrooms
rented at $450pw. The Prince street home is a large double story brick house
with three bedrooms, one bathroom and a double garage, rented at $480pw.
Perfect rental properties if you wanted to land bank and keep for a future
development.

Features Include:
- 1220sqm* Block
- Zoned RD5 (1bed per 50sqm)
- Block Dimensions 20.2m frontage x 60m long*
- DA in place for 21 two bedroom apartments
- Building Height 14m (4 storey)
- 27 Residential car spaces / 4 Visitor spaces
- 16 Prince St returns $480pw
- 15 Ward St returns $450pw
- Combined return 930pw
- 350m to G:Link Light Rail Tram Station
- 1.5kms to Griffith University and the new Gold Coast Hospital
- 1.5kms to Southport CBD

*Approx.

Please contact us for a full copy of the information memorandum, including development approval.