Outstanding Development Opportunity in Chevron Growth Corridor

Invest in your future with this outstanding opportunity nestled in a strong Gold Coast growth corridor. Perfectly positioned within close proximity to the world-famous Surfers Paradise beaches, restaurants and retail offerings, this is your chance to secure a duplex site zoned for high density residential, right on the city fringe.

Placed on a 506m² level block and with a substantial 17.1m northern frontage, the site is currently configured to host two 2 bedroom, 1 bathroom units per level, each with kitchen, living and dining zones. Separate garages and workshop/storage areas complement this, with a communal swimming pool. Either keep as is to generate an instant rental return, renovate for profit or explore your options to capitalise on the exceptional location with townhouses, duplex villas, apartments, NDIS or short term accommodation options.

Positioned in a sought after south-east pocket of Chevron Island, it's a location that provides the exclusivity and
quietness of an island, whilst being less than 1km from the vibrant heart of Surfers Paradise. Closer to home, grab your morning coffee from a choice of many cafes that line the Thomas Drive retail and eatery precinct, just footsteps away.

Maximise this enticing potential and the high rental yield returns that await. Arrange your inspection today.

Property Specifications:
• Two 2 bed, 1 bath villas on two separate titles - will be sold together
• 506m² level block and with a substantial 17.1m northern frontage
• Zoned for high density residential, right on the city fringe
• Walking distance to Thomas Drive shops, cafes, business amenities and restaurants
• Less than 1km from the vibrant Surfers Paradise beaches, restaurants and retail opportunities
• Can keep as is to generate an instant rental return, renovate for profit or explore options for develop site with townhouses, duplex, apartments, NDIS or short term accommodation
• Current combined rental return of $1070 per week

Council Rates: Approx. $2,839.98 per annum
Water Rates: Approx. $1,876 per annum
Rental Appraisal: $500-$530 per week for each duplex

Disclaimer: The above information is accurate to the best of our knowledge; however, we advise that all interested parties make their own enquiries as we will not be held responsible for any variation that may apply to this information. This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Explore the area

School catchments

Surfers Paradise State School Primary Prep-6 Government 1.4km
The Southport School Combined Prep-12 Independent 2.1km
Bellevue Park State School Primary Prep-6 Government 2.8km
Keebra Park State High School Secondary 7-12 Government 2.9km
St Kevin's School Primary Prep-6 Catholic 3.3km
Benowa State School Primary Prep-6 Government 3.4km
Benowa State High School Secondary 7-12 Government 3.5km
The BUSY School - Southport Campus Secondary Independent 3.6km
St Hilda's School Combined Prep-12 Independent 3.7km
Mastery Schools Australia - Southport Campus Combined Independent 3.9km
Southport State School Primary Prep-6 Government 3.9km
Broadbeach State School Primary Prep-6 Government 4.2km
Ashmore State School Primary Prep-6 Government 4.4km
St Vincent's Primary School Primary Prep-6 Catholic 4.5km
Merrimac State High School Secondary 7-12 Government 4.6km
Southport State High School Secondary 7-12 Government 4.6km
Aquinas College Secondary 7-12 Catholic 4.8km
Guardian Angels' Catholic Primary School Primary Prep-6 Catholic 4.9km
Musgrave Hill State School Primary Prep-6 Government 5.4km
Trinity Lutheran College (Cotlew Street Campus) Primary Independent 5.4km
Queensland Academy for Health Sciences Secondary 10-12 Government 5.4km
Emmanuel College Combined Prep-12 Independent 5.7km
Trinity Lutheran College Combined Prep-12 Independent 6.4km
Australian International Islamic College - Carrara Campus Combined Independent 6.7km
Miami State High School Secondary 7-12 Government 7.2km
St Michael's College Secondary 7-12 Catholic 7.7km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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