Calling on All Developers and Investors! This is a rare opportunity to acquire a prime development site comprising of both 18 & 20 Norman Street.
This site is in a quiet, yet highly desirable and central location. Located in Southport’s PDA (primary development area) and aligned for high growth and development potential.
* 18 Norman is a 3 bed 1 bath cottage bringing in $450 a week rent
* 20 Norman is a renovated duplex pair bringing in $825 per week rent
* This brings you a combined weekly rental income of $1,275!
* 810 sqm of rare land, no height restrictions (subject to Council approval )
* Close proximity to Southport’s central locations including: the CBD, Australia Fair, schools, university, hospital, the Broadwater, 2018 Commonwealth Games, China Town, new Aquatic Centre and so much more.
Whether you land bank this valuable estate and lease the property until you to capture capital growth OR develop it into highly sought after Southport accommodation towards the Commonwealth Games in 2018, the choice is yours!
* Development intentions are subject to Council Approval