RARE DEVELOPMENT OPPORTUNITY

Attention : Astute Developers & Investors

This portfolio outlines a rare opportunity for you to secure a significant piece of prime realestate within the much sort after heart of Southport’s CBD, Queensland Australia.

Southport is the bustling CBD of the beautiful Gold Coast. Think world class medical facilities, think shopping, and dining mecca, think education and sporting grounds, think tourism.

This is Southport!

All of which overlooks the dazzling Broadwater and Southport Spit and not to forget our world famous golden beaches.

On offer, for the astute buyer is four lots situated at 11, 13, 15 and 17 Spendelove Avenue, Southport. The site has a combined area of 2,974m2, is within the Southport PDA mixed – use zoning and enjoys direct frontage to Spendelove Avenue, just off the main Ferry Road.

A house stands on each of the four sites, all of which have a residential tenancy in place raising a total revenue of $68,640.00 annually. The leasing terms of these tenancies have been kept to a maximum six months to accommodate future potential development on the site. These properties will continue to generate income until your development commences at which point they could easily be removed and sold as demountable homes.

The site lies within the area designated by the local government as a Priority Development Area

(PDA). The Southport PDA Development Scheme was implemented in 2014 and has the primary purpose of promoting the development of the Southport CBD by removing development barriers, boosting investment opportunities and facilitating economic growth.

Under this scheme, Southport is currently undergoing an exciting period of transformation with more than $5 billion worth of public and private investment underway, making this the ideal time for your investment.

The size of this block and central location of the site coupled with the PDA zoning means the potential for development is limitless. In order to diversify your investment a high rise built form is encouraged, with potentially two buildings on the site. The buildings could be a combination of a medical facility such as a recovery hospital (which can produce significant government rebates) and a residential building or futuristic aged home. These could be approved under the one DA and built over time.

A medical facility in this area is ideal as Southport has emerged as a “Medical Headquarters” and is home to a range of diverse medical services. This includes hospitals such as the Gold Coast University Hospital which is one of Queensland’s largest clinical teaching and research facilities and private hospitals such as Allamanda. The Health Precinct offers health services and group education sessions and within the vicinity there are several world class specialists in their field including Plastic Surgeons, Pediatricians and Oncologists, just to name a few.

People are also attracted to Southport for its eclectic appeal offering a diverse range of innovative business opportunities, economic activity, shopping and dining experiences and world class educational facilities. The proximity to the Broadwater and beaches is the perfect mix of natural beauty and city convenience, a drawcard for your potential residential development.

The site enjoys unobscured views of the Surfers Skyline and Nerang River. Photos depicting this view are provided to you on the memory stick and shows the outlook from every second floor to the twenty second floor. The council have currently approved a development of up to twenty two storeys high however, given the PDA status of this site, there is a definite possibly the council would approve higher.

As an Investor, it is interesting to note that the car parking requirements within this precinct are significantly reduced. This is a direct result of the site location being in the CBD and the opportunities provided by the Light Rail and Public Transport system in the area.

The site is unencumbered by easements or significant constraints, other than an easement on the Eastern boundary of 11 Spendelove Avenue which is likely to provide for service infrastructure. Spendelove Avenue is a quiet street and there would be easy access for the development to be completed.

Given the sites excellent location, land size and zoning this is YOUR opportunity to secure a piece of land in the heart of paradise. If you would like to take advantage of this opportunity,please contact either Nathan on 0412 756 697 or Nicole on 0421 163 278 and we will be happy to arrange a meeting and provide a tour of the site as required.