What an opportunity, 2 x Blue Chip DA Approved Development Blocks that are primed for 1 massive development.
Combine the 2 blocks and reap the rewards of a prime development up to 5 floors with up to 50 x 2 bedroom units.
60 x Bedrooms
60 x Bathrooms
60 x Car Spaces
This Unique opportunity presents itself as an awesome investment whether you sell or keep, the weekly returns justify the investment potential.
Situated in the heart of Southport on the corner of Shillito and Water Streets this prime development opportunity offers 2 x 607m2 development blocks both with individual DA's with the ability to combine for 1 larger development.
9-11 Water Street Combined:
Zoned RD5 with a development opportunity of up to 5 floors with underground parking off Shillito Street and with a yield of approximately 30 x 2-bedroom units or 50 x 1-bedroom units.
9 Water Street:
RD 5 - DA Approved for 9 Apartments.
Photo of Actual DA attached.
11 Water Street:
RD 5 - DA & BA Approved for 10 Loft Style Apartments
Photo of Actual DA attached
*** PLEASE NOTE THE COVER PHOTO IS AN ARTISTS IMPRESSION OF A DEVELOPMENT COVERING BOTH BLOCKS ***
Centrally located and in walking distance to the Southport CBD, Broad Water Parklands, Griffith University, Gold Coast University Hospital, Gold Coast Private Hospital and with easy access to the M1 via Smith Street.
++ BOTH BLOCKS ARE CURRENTLY RETURNING OVER $1400 PER WEEK ++