Investment Overview:
This double block presents an exceptional opportunity to capitalise on Southport's growth and demand for premium residential developments.
With RD5 Medium Density Zoning, this is a streamlined pathway to bring a high-yield, executive residential project to fruition.
Purchase Options:
49-51 Ward Street ? A double block, offering a prime development opportunity.
47 Ward Street ? Available separately or as part of the complete three-block package, providing further flexibility for buyers looking to expand the project, the 6 Bedroom house is currently tenanted.
47-51 Ward Street Purchase all three blocks and utilise existing DA of 41 apartments.
Key Highlights:
49-51 Ward Street
- Land Area: 1,224m? (Double block)
- Zoning: RD5 Medium Density Residential
- Street Frontage: Approx. 40m
- Potential for Future Development
47 Ward Street (Available Separately or Combined)
- Land Area: 612m?
- Zoning: RD5 Medium Density Residential
- Potential Holding Income: Substantial 6-bedroom house
- Expansion Opportunity: Can be purchased alongside 47-49 Ward Street to maximize potential.
Location Benefits:
- Close proximity to Southport CBD, Light Rail, Gold Coast University Hospital, Griffith University, Ferry Road Markets, and the Broadwater.
- Walking distance to public transport, dining, retail, and amenities-ensuring strong appeal to investors and owner-occupiers.
Investment Opportunity:
Situated in a premier location, this property offers buyers the flexibility to proceed with future development opportunities on 49-51 Ward Street or secure 47 Ward Street as an additional asset to expand potential.
Expressions of Interest:
Interested parties are invited to submit their best offers.
For further information, please contact the exclusive listing agents:
Michael Jones - 0450 782 078
Joseph Pimentel - 0478 549 292
DISCLAIMER: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries.