Located right in the heart of the ever-popular suburb of Southport and nestled away in a beautiful tree-lined street close to St Hilda’s private school, 15 Water Street is waiting to provide its new owner with a quality place to call home or an amazing return on investment.Consisting of 658m2 RD5 land, allowing one bedroom every 50m2 (subject to approval), this property has substantial potential. However, if developing is not something you wish to pursue right now, its current owners who have resided in it for the majority of its life have meticulously maintained the lovely 1950′s homestead.With a little under two-years until the Gold Coast 2018 Commonwealth Games (GC2018), never before has there been a more perfect time to invest. Southport is considered the CBD of the Gold Coast, which is also touted to become an economic powerhouse within the state of Queensland.All formal tenders will be presented to the owners at the conclusion of the tender-period.Features include:- 658m2 medium density residential- 3 bedroom house- Separate dining, lounge and family room- Single lock up garage- Carport- Separate toilet/laundry- 2 x Split system A/C- Large tiled enclosed patio at entrance.- Walking distance to Southport CBD, primary and secondary schools and the Light Rail- Close to Gold Coast University Hospital, Griffith University and the Broadwater