This is one for the future property boom as the area surrounding this property includes Unit Developments which will open up a multitude of possibilities to you the very fortunate buyer. Strategically located in the Southport CBD and providing easy access to local and private schools and also Griffith University, shops, future light rail and China Town, Australia Fair, TAFE and the M1 Motorway.
The strength of this property is in its zoning; being residential C it means that it will be suitable for unit development subject to necessary approvals.
Being a smart investor you could purchase the home and rent it out for a period of time with the future possibility to eventually develop this site in years to come, or simply sell it when the next real estate boom comes around.
- 405m2 – Residential C zoning
- 2 bedroom Queenslander styled home
- Rent return of $330 per week with development potential
- Southport L.A.P Residential Precinct – RC(a)
- Maximum Residential Density: RD6 One bedroom per 33m2
- Max site coverage of GFA 90%
- Max Height – 3 Storeys
- Approx dimensions: 10.2m frontage x 39.9m sides
- Potential to build approx. 6 units
Different from many others this property must be inspected and judged on its future potential. Appreciating its current offerings you will be rewarded by its futures potential and I encourage you to drive by and see for yourself if this is the one you’ve been waiting for.