SOLD
Type: Residential Sale
Sold Price: $950,000
Property Type: Land

Multi-Unit Development Site

MEDIUM DENSITY RESIDENTIAL SITE SUITABLE FOR:

20 X 1 BEDROOM APARTMENT BUILDING OR
7 TOWNHOUSE/VILLAS OR
12 X 2 BEDROOM PLUS 6 X 1 BEDROOM APARTMENT BUILDING

Multi-unit development site located at 19 Minnie Street, Southport of 1012m2 and zoned RD5.

Detailed building plans and the development application have been prepared and the site is cleared and ready for the 20 x 1 bedroom apartment building or the purchaser may prefer to build 6 x 3 bedroom + 1 x 2 bedroom plus study town houses/villas or maybe go larger with a 12 x 2 bedroom plus 6 x 1 bedroom apartment building the latter configuration of which has been recently approved by the Gold Coast City Council on a site close by of the same size and zoning. Other configurations could also be developed.

This is a low construction cost and low body corporate project of less than $20/week.

The proposed apartments are centrally located in Southport's premier residential precinct and being a short stroll to the magnificent Broadwater aqua playground and 570m to 650m to two stations of the new light rail rapid transport system that connects to Surfers Paradise, Griffith University and the new Gold Coast University Hospital. The proposed apartments are ideally suited for student and professional couples accommodation, first home buyers and retirees.

The site is located 750m to Southport Australia Fair shopping centre and CBD.

The site is 170m north west of high frequency bus stops (north and south) on State Route 3, Southport Burleigh Road (Ferry Road).
Locally it is 200m north west of 24/7 convenience store, McDonalds and petrol station and 350m north of Brickworks Shopping Centre and Markets.

The proposed apartments are large size 1 bedroom units varying from 55 - 67m2 and each provided with a single space car park of 14.5 m2.

The proposed apartments will provide good long term capital growth opportunities and strong rental growth. The area is known as a rental hotspot.

KEY ADVANTAGES OF THE DEVELOPMENT SITE
Location is close to public transport and local amenities.
Elevated site with city views.
The site is shovel ready for building construction to commence immediately.
No demolition costs and council approval.
No removal of services and authority approvals.
No site clearing, tree removal and council approvals.
No land preparation costs.
Comes with a Site Office and store, fencing and with construction Power
Pole and Switchboard.
Detailed building plans which are DA compliant for 20 x 1 bedroom
units (55 to 67m2 floor area) have been done and are included in the sale.
The site is fully DA compliant and developer has prepared the preliminary
DA for the proposed 20 x 1 bedroom units.

Design incorporates low building construction costs and ongoing low body
corporate costs of less than $20 per week.

The seller is registered for GST and the property is offered for sale
under the Margin Scheme which means the sale price includes GST
and GST is payable by the seller.
The buyer will be refunded to the buyer/developer upon sale of each
developed unit.
The selling Developer and land owner will provide ongoing expert
assistance to obtain the required DA and BA.