PRDnationwide Southport

100/133 Scarborough St Southport, QLD, 4215

07 5526 4442

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Brilliant location, 14 apartments with DA.

Brilliant location, 14 apartments with DA.

Property ID: 806480

SOUTHPORT 54 Falconer Street

Listing Rooms2
Listing Bathrooms2
Listing Parking1

For Sale $999,000 - $1,100,000 offers

Land Size: 708 sqm

Building approval has been lodged thus there is no requirement to install the costly fire sprinkler system. This building configuration will be uneconomic to build after May 1st 2019 with impending changes to the fire and sprinkler regs. We have D.A completed and B.A lodged and under the new QBCC legislation EFFECTIVE 1ST OF MAY 2019 will require a mandatory fire sprinkler system... This property is compliant with; Section 51 of the Planning Act 2016 and full documentation is available for due diligence including NCC Vol 1 2019 and ABCB implementation schedule. This 'at grade parking'design in the building could not be approved now without the installation and cost of the new fire requirements.
Brilliant developer's opportunity in Southport, well recognized as one of the most popular and fast growing suburbs in the Gold Coast and a short walk to light rail.
Full Information Memorandum available on email or hard copy.
Carefully designed to offer all 14 East facing apartments, DA approved land with total size of 708m2 approx. Comprising 12 X 2 bedroom apartments over 4 levels and 2 only 3 Bedroom Apartments at the Penthouse level 6. Total retail value proposed is up to approx $M8.0 + across 14 Apartment sales.

Location plus being 400m to Light Rail Station and adjacent the proposed 'Queen Street Village' which includes the 4 star Mercure Hotel on the old Hospital site . Close access to Queen Street medical precinct, Griffith University, University Hospital, Ramsey Health precinct via light rail and walking distance to Australia Fair Shopping Centre, Ferry Rd Market and our beautiful Broadwater.
Very easy access to Pacific Motorway on one side and five minutes drive to famous Surfers Paradise beaches just confirming the fantastic location. All the hard work done and some site holding income from a duplex pair at $700/week if you buy and hold.

We are offering a brilliant opportunity for investor/developers to purchase ready to go with stamped DA plans and BA lodged to bring this great looking building out of the ground and finalise the project With the finished product we will attract buyers of all types especially locals looking to downsize, then first home buyers, then investors buying at this high in demand location.

Buy now at $1,000,000 - $1,100,000 range

Full IM available upon request.
Selling; $1,100,000 with DA plans, BA lodged, mostly shovel ready after your completion of W D's, Structural, Civil etc.
Disclaimer; Buyers are to obtain and complete their own research as to readiness to build and ongoing costs to completion and realisation.

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Suburb Profile

Median Unit Price

375500

Suburb Growth

-
Peak Sale Month - March
Peak Sales - 25