This 810m2 allotment offers endless possibilities for savvy developers and investors alike.
Currently, the property features a charming home with a large in-ground pool, perfect for those hot Gold Coast summer days. In addition, there is a separate self-contained 1 bed unit and a 2 bed unit, both currently leased out, generating rental income for the astute investor.
The double block boasts a generous 20m (approx) frontage and is zoned for medium-density residential development, allowing for the construction of townhouses, units, or apartments (STCA). This means you can live in the current home while planning your dream development, or rent out the entire property and generate a solid rental income while you wait for development approval.
Nestled in a prime location, this potential development site is just minutes away from Tugun Beach, John Flynn Private Hospital, and the bustling Tugun Village. The property offers easy access to the M1 motorway, Gold Coast Airport, and Southern Cross University, and is within walking distance to local schools, shops, and cafes.
Property features:
• 810m2 double block with 20m frontage
• Zoned for medium-density residential development
• Potential development opportunity (STCA)
• Prime location just minutes away from Tugun Beach, John Flynn Private Hospital, and Tugun Village
• Easy access to the M1 motorway, Gold Coast Airport, and Southern Cross University
• Walking distance to local schools, shops, and cafes
• Large in-ground pool
• Currently generating rental income
With the Gold Coast property market on the rise and demand for quality accommodation at an all-time high, this site represents an outstanding investment opportunity. The potential for capital growth is huge, with the proposed expansion of the Gold Coast Airport and the upcoming Commonwealth Games in 2032 driving demand for quality accommodation in the area.
Don't miss out on this rare chance to build your dream development in Tugun. Contact us today to arrange a viewing and see for yourself the endless potential this site offers.
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.
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