9-11 Water Street, Southport
2 x Blue Chip DA Approved Development Blocks
Negotiate 1,950,000 to 2,150,000
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 Water Street:
RD 5 - DA Approved for 9 Apartments
11 Water Street:
RD 5 - DA & BA Approved for 10 Loft Style Apartments
9-11 Water Street Combined:
Zoned RD5 with a development opportunity of up to 5 floors covering approximately 600m2 with underground parking off Shillito Street and with a yield of approximately 30 x 2-bedroom units or 50 x 1-bedroom units.
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.
This would be an excellent opportunity to invest in through your Super Fund and retain the units for the rental market.
++ BOTH BLOCKS ARE CURRENTLY RETURNING OVER $1400 PER WEEK ++