Offering two exceptional opportunities, this unique Southport property is a rare find. Continue the proven investment success, currently generating over $90,000 in gross profit, or capitalize on its prime location in the PDA Development Zone-where looser regulations allow for expanded commercial and residential possibilities.
Nestled in a quiet residential street, this beautifully restored 1914 Railway Workers' cottage seamlessly blends historic charm with modern comforts. Thoughtfully renovated, the home sits just five minutes from Broadwater Parklands, the Gold Coast Aquatic Centre, and the Southport CBD, ensuring a high-demand location for tenants and future development.
Located in the Special Purpose Zone, Precinct 2, this property is positioned in an area of Southport primed for higher-density residential growth. Whether you're an investor seeking strong returns or a developer looking to maximize potential, this is an opportunity not to be missed.
This unique home oozes potential, lending itself to multiple options for all buyers:
• Purchase fully furnished and equipped and continue operating as a short-term rental generating $90,000 gross income per year (subject to permit) from day one
• Dual-income potential with the addition of a granny flat in the flat, cleared back yard
• PDA zoning for looser regulations and easy development opportunities
• Move straight in and enjoy your newly renovated home with all its modern amenities
• Excellent zoning offers development opportunities either as a single site (duplex, townhome, walk-up units) or with neighbor amalgamation (medium rise apartments)
• Terrific investment property as either a furnished or unfurnished permanent rental with its proximity to G-Link station, Griffith University and Gold Coast University Hospital
Property Features:
• Renovated Southport Railway Workers cottage built in 1914
• Fully fenced, flat block with all trees removed
• Located in the Special Purpose Zone, Precinct 2, Southport PDA Residential Neighbourhood Zone
• 2 large bedrooms with floor-to-ceiling fitted out wardrobes and direct access to separate bathrooms
• Two brand new bathrooms (Ensuite to master bedroom) each with toilet, shower and vanity
• Stunning kitchen with stone benchtops, breakfast bar and quality appliances including dishwasher and microwave
• Open plan living and kitchen with separate dining room
• A/C in Living, ceiling fans in bedrooms
• European laundry with washing machine and dryer combo & tub
• Thoughtfully renovated to retain original features with 12' ceilings, stained glass windows, timber fret work and original sash windows
• Off street parking for two cars behind colorbond front fence and motorized gate (clearance 1.73m)
• Ample under house storage
• Gross income of $80,000 per year as short-term rental
•Option to purchase fully furnished and equipped
Location:
• Broadwater Parklands & Gold Coast Aquatic Centre - 750m
• Australia Fair Shopping Centre - 850m
• Nerang St G-Link Station - 1.3km
• Southport CBD and Chinatown - 1.3km
• St Hilda's Private School - 1.3km
• Smith St Motorway - 1.5km
• Queen Street Village - 1.8km
• Southport State High School - 2km
• Musgrave Hill State School - 2.2km
• Southport State Primary School - 3.1km
• TSS (The Southport School) - 3.4km
• Ferry Road Markets and Brickworks - 3.7km
• Griffith University & Gold Coast University Hospital - 3.4km
• Harbour Tower Shopping Outlets - 5.4km
• Westfield Helensvale - 11.7km
Property Information:
• Council Rates* - $2,260 per year ($1130 bi-annually)
• Water & Sewerage Rates* - $1,400 per year ($350 per quarter)
* approximately
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of 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.
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