High Capital Growth Location - 1416m2 Double-Block Comes with 2 Currently Leased Homes - DA APPROVED for 8x Townhouse Development

This is an exceptional opportunity to acquire a prime development site located in one of Southport's fastest growing positions. Set in a highly sought after pocket of Southport is this double-block with dual leased homes featuring DA approval for 8 townhouses on a substantial 1416m2 flat allotment. Close to all of Southport's amazing amenities, you cannot over capitalise in this highly sought-after location.

This development site boasts DA approval for the construction of 8 x three storey, 4 bedroom duplex/villas. The design and layout has been planned to maximise all living spaces. Each villa consists of 4 bedrooms, 3.5 bathrooms and parking for 2 cars, a balcony and courtyard.

Build as per the current DA or amend to suit your ambitions and taste.
106 Eugaree Street offers a 3-bedroom, 1-bathroom home & 108 Eugaree Street offers a 4-bedroom 2-bathroom home with large storage shed garaging for multiple vehicles located conveniently close to all of Southport's amazing amenities. Walking distance to the light rail station, bus stop, schools and shops. The Southport CBD, Griffith University Hospital, and the new and exciting Queen Street Village development are all within close proximity.

You have the option to build immediately or in the future, making this property ideal for land banking and potential capital appreciation. The site currently returns a robust rental income of $1340 per week ($70k pa) approx.

HIGHLIGHTS:

* Absolute prime Southport location, 5mins MAX to everything Southport offers
* Flat 1416m2 double block offering in high capital growth pocket
* DA approved for 8 x triple-level townhouses, each consisting of 4 bed/3.5 bath/2 car
* Under 5mins drive to the Southport CBD, Griffith Uni & GC University Hospital
* 106 Eugaree Street offers a 3-bedroom, 1-bathroom home 708m2 block
* 108 Eugaree Street offers a 4-bedroom, 2-bathroom home + large storage shed/garage 708m2 block
* Golden opportunity for someone looking to build, develop or invest
* Central position short walks to public transport, Shops, Tram light rail
* DA approved plans & Form 2 immediately available upon request
* Existing properties currently tenanted and generating $70k pa approx pa
* Blue chip realestate offering with motivated sellers
* Inspections are by private appointment

CLOSE BY LOCATIONS:

* Light Rail Station - 1km
* Ferry Road Markets - 2km
* St Hilda's School - 2km
* Australia Fair Shopping Centre - 2km
* Southport Park Shopping Centre - 2.8km
* The Southport School (TSS) - 3km
* Main Beach - 3.5km
* Marina Mirage - 5km
* Home of the Arts (HOTA) - 4.8km
* Surfers Paradise - 4.9km
* Gold Coast Convention & Exhibition Centre - 8.5km
* Broadbeach - 9km
* The Star Casino - 9km
* Pacific Fair Shopping Centre - 9.5km

Disclaimer: In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own inquiries to verify the information contained herein.

Explore the area

School catchments

Southport State School Primary Prep-6 Government 0.30km
The BUSY School - Southport Campus Secondary Independent 0.58km
St Hilda's School Combined Prep-12 Independent 0.97km
Southport State High School Secondary 7-12 Government 1.2km
Keebra Park State High School Secondary 7-12 Government 1.3km
Mastery Schools Australia - Southport Campus Combined Independent 1.5km
The Southport School Combined Prep-12 Independent 1.7km
Guardian Angels' Catholic Primary School Primary Prep-6 Catholic 1.7km
Aquinas College Secondary 7-12 Catholic 1.7km
Musgrave Hill State School Primary Prep-6 Government 1.7km
Queensland Academy for Health Sciences Secondary 10-12 Government 1.9km
Bellevue Park State School Primary Prep-6 Government 2.5km
Ashmore State School Primary Prep-6 Government 2.6km
Trinity Lutheran College (Cotlew Street Campus) Primary Independent 3.1km
Labrador State School Primary Prep-6 Government 3.4km
St Kevin's School Primary Prep-6 Catholic 3.6km
Benowa State High School Secondary 7-12 Government 3.7km
Trinity Lutheran College Combined Prep-12 Independent 3.8km
Benowa State School Primary Prep-6 Government 3.9km
Arundel State School Primary Prep-6 Government 4.7km
Surfers Paradise State School Primary Prep-6 Government 4.7km
Australian International Islamic College - Carrara Campus Combined Independent 5.4km
Emmanuel College Combined Prep-12 Independent 5.7km
Coombabah State High School Secondary 7-12 Government 5.9km
Mastery Schools Australia Combined Independent 6.2km
A B Paterson College Combined Prep-12 Independent 6.5km

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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