113 Minnie Street, Southport QLD 4215

Start the new year off in style and secure the properties of 111 and 113 Minnie Street, in the heart of Southport. These two lowset residential homes are being marketed together ( in one line ) with both owners sharing equal motivation to sell on or before the advertised auction on the 27th of January. Don't miss this one !!

Both properties are being sold as one auctioned asset, meaning a purchaser cannot buy one without securing the other.
Step into your new development, or landbank for the future. Both properties present with structural soundness & have fixed tenants in place.

111 Minnie Street is a 748m2 title - existing is a 3 bedroom & 1 bathroom home. A fully certified formal development approval exists to build 5 x 4 bedroom townhouses, with a separate office room in each townhouse. See concept designs within the reel.
Council have embraced this proposed development, with full design credit going to the reputable architect. This approval confidently meets town planning guidelines. The property is currently rented on fixed tenancy arrangement at $695 per week until 7/03/2025.

113 Minnie Street is a 749m2 title - existing 3 bedroom, 1 office space & 1 bathroom home. With the DA approval in place next door, one would suggest that a similar townhouse development could be mirrored with this existing title at 113 Minnie Street, IF the purchaser wishes to keep both titles separate. This property is currently rented to a long standing tenant and is self managed by the seller.

Campaign Of Sale (Fast Facts )

• A rare opportunity presents to buy two freestanding homes, side by side occupying a 1497m2 parcel
• This development opportunity exists subject to meeting GCCC building approval guidelines
• Attention astute investors and developers ( RD5 medium density zoning - existing 23 metre height limit )
• Approximate collective site dimensions - 39.6 metres of road frontage x 37.8 metres deep
• Recent developments suggest the approval of 1 bedroom per 50m2 of land
• No existing easements present across either title

For buyer confidence, existing larger scale developments of 12-15 apartments have recently been completed closeby which comply with the maximum 23 metre height limit. For example at 115 Minnie Street (758m2 existing title) and 124 Falconer Street ( 690m2 existing title ) With a smart design, imagine the upside ( safe profit margin ) you could generate building across one amalgamated 1497m2 title.

This is an opportunity not to be missed. Nearby many attractions that include the Southport CBD, Gold Coast University & University Hospital, many highly regarded schools, public bus stops and the Light Rail ( G Link ) This offering will be sold, as both owners are liquidating their assets to meet other commitments.

Interested buyers are encouraged to attend the next advertised open home, or request a virtual inspection. Auction terms are a 5% deposit and a flexible 60-90 day settlement period to suit the purchasing identity. Agent conjunctions are certainly welcome. Please contact Nick Di Genua or Tim Grevell for further insight on this outstanding buying opportunity.

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 enquiries to verify the information contained herein. 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.