1,214m2 RD4 Development Opportunity - Central Southport - Duplex Pair With Strong Income Potential

DEVELOP. INVEST. LAND-BANK.

Secure a substantial 1,214m2 Medium Density Residential - RD4 zoned site in super quiet, central Southport location.

Currently comprising two existing residences in a front-and-rear configuration, the property offers strong potential holding income while providing the opportunity to investigate a future 6-7 townhouse/villa development (STCA).

Whether developing now or land-banking for the future, 37 Blake Street combines a significant landholding, existing improvements and potential income in an exceptionally convenient Southport position.

EXISTING RESIDENCES

1/37 BLAKE STREET - FRONT
2 Bedrooms | 1 Bathroom | 1 Carport
Rental appraisal: $650-$725 pw | $33,800-$37,700 pa approx.

2/37 BLAKE STREET - REAR
3 Bedrooms | 1 Bathroom | Tandem 2-Car Carport
Rental appraisal: $725-$800 pw | $37,700-$41,600 pa approx.

COMBINED POTENTIAL HOLDING INCOME
$1,375-$1,525 PW | $71,500-$79,300 PA APPROX.

THE OPPORTUNITY

- 1,214m2; Southport landholding
- Medium Density Residential - RD4 zoning
- Potential 6-7 townhouse/villa development (STCA)
- Two existing residences
- Potential holding income of $71,500-$79,300 pa
- Develop, invest or land-bank
- Quiet, established street
- Central Southport location
- No existing Development Approval (DA) - purchasers should undertake their own planning and development due diligence

CLOSE-BY PRIME SOUTHPORT LOCATIONS

- Blake Street Bus Stop - next door
- Corner shops - approx. 1 minute walk
- Brickworks Ferry Road - approx. 1.1km
- Light Rail Nerang Street Station - approx. 1.3km
- St Hilda's School - approx. 1.5km
- Southport Park Shopping Centre - approx. 1.7km
- Australia Fair - approx. 2.0km
- The Southport School (TSS) - approx. 2.0km
- Southport CBD - approx. 2.0km
- Easy access and under 10mins to Griffith University and Gold Coast University Hospital

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.

Inspections

Explore the area

School catchments

Southport State School Primary Prep-6 Government 0.72km
The BUSY School - Southport Campus Secondary Independent 0.82km
Keebra Park State High School Secondary 7-12 Government 0.85km
St Hilda's School Combined Prep-12 Independent 1.2km
The Southport School Combined Prep-12 Independent 1.4km
Southport State High School Secondary 7-12 Government 1.6km
Aquinas College Secondary 7-12 Catholic 1.7km
Guardian Angels' Catholic Primary School Primary Prep-6 Catholic 1.8km
Mastery Schools Australia - Southport Campus Combined Independent 1.8km
Bellevue Park State School Primary Prep-6 Government 2.1km
Queensland Academy for Health Sciences Secondary 10-12 Government 2.1km
Musgrave Hill State School Primary Prep-6 Government 2.1km
Ashmore State School Primary Prep-6 Government 2.4km
Trinity Lutheran College (Cotlew Street Campus) Primary Independent 3.0km
St Kevin's School Primary Prep-6 Catholic 3.2km
Benowa State High School Secondary 7-12 Government 3.3km
Benowa State School Primary Prep-6 Government 3.5km
Trinity Lutheran College Combined Prep-12 Independent 3.8km
Labrador State School Primary Prep-6 Government 3.8km
Surfers Paradise State School Primary Prep-6 Government 4.3km
Arundel State School Primary Prep-6 Government 5.0km
Australian International Islamic College - Carrara Campus Combined Independent 5.2km
Emmanuel College Combined Prep-12 Independent 5.4km
Mastery Schools Australia Combined Independent 6.2km
Coombabah State High School Secondary 7-12 Government 6.3km
A B Paterson College Combined Prep-12 Independent 6.8km

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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