DA Approved Development Site in Prime Location

1 Ward Street presents a fantastic opportunity to acquire a DA approved development site in the heart of Southport.<br/><br/>This property is ideal for an astute investor, future owner occupier or developer.<br/><br/>Situated on a 539m2 site with a 20m street frontage, this property includes an existing 3 bedroom dwelling returning a rental income of $645 per week.<br/><br/>The current RD5 zoning allows for 1 bedroom per 50m2 up to a maximum building height of 7 storeys. <br/><br/>Currently DA Approved for 2 x Duplexes (4 Individual Titles)<br/><br/>This project offers 2 luxury duplexes, creating a total of 4 luxury homes. All homes feature contemporary living arrangements with an open plan kitchen and dining configuration and living areas adjacent to outdoor entertaining spaces. All four dwellings contain 3 bedrooms, two of which have private balconies. Each dwelling contains 3.5 bathrooms and a study located on the ground floor.<br/><br/>This site enjoys a premium location that offers convenient access to a wealth of essential amenities. Nestled close to both public and private educational institutions and healthcare facilities, residents also enjoy easy access to the nearby light rail system.<br/><br/>Within a short walk, you'll find Southport State School, the Southport Health Precinct, and the renowned St. Hilda's School. Additionally, a brief drive will take you to Griffith University, Gold Coast University Hospital, Gold Coast Private Hospital, Southport State High School, The Broadwater, and numerous other conveniences.<br/><br/>This rapidly growing suburb is quickly becoming a sought-after destination for both residents and investors alike, thanks to its appealing lifestyle, convenience, and promising economic growth opportunities.<br/><br/><br/>Property Specifications:<br/><br/>- 539m2 block<br/>- 20 meter frontage<br/>- Medium density residential zoning <br/>- RD5 Zoned (1 bedroom per 50m2 up to 7 storeys)<br/>- Current 3 bedroom dwelling <br/>- Currently tenanted for $645 per week <br/>- Current D.A approval for 2 luxury duplexes<br/>- Current zoning allows for 7 storeys<br/>- Short distance to Southport CBD<br/>- Walking distance from local public transport, schools, and health precincts<br/>- Short drive from The Broadwater, Biggera Waters, Main Beach, Surfers Paradise, and Broadbeach.<br/><br/>The freedom of choice is yours: Build now or enjoy the current returns and plan for future capitalisation.<br/><br/>For more information regarding the DA approval and plans, please don't hesitate to get in touch with us today. <br/><br/><br/>Disclaimer: All information (including but not limited to the property area, floor size, price, address, and general property description) is provided as a convenience to you and has been provided to McGrath by third parties. Consequently, McGrath is unable to definitively attest to the listed information's accuracy. McGrath does not accept any liability (indirect or direct) for any injury, loss, claim, damage or any incidental or consequential damages, including but not limited to lost profits arising out of or in any way connect with the use or dissemination of any information, or any error, omission, or defect present within the information as appearing on the Website. Information appearing on the Website should not be relied upon and you should attend to your own personal enquiries and seek legal advice (where required) with respect to any property on the Website. Please also note, the prices displayed on the Website are current at the time of issue but are subject to change.