2/18 Burra Street, Chevron Island QLD 4217

Every now and then rare and unique property opportunities arise, and 18 Burra Street Chevron Island is certainly one, featuring two villas on two titles, the option is yours, live in one and rent the other, rent both for maximum holding income, re-develop four or more luxury town homes (STCA)

Situated on the wide and leafy Burra St, these properties are just a moments' walk to the exciting entertainment and restaurant precinct of Chevron Island. Each villa has been modernised and upgraded by the current owners, including the addition of a near-new resort style in-ground pool in villa 1 and huge undercover alfresco area in villa 2. Both internally and externally, each villa presents in perfect condition and are ready to move in and unpack or rent out to start realising an amazing holding income!

18 Burra Street is ripe for re-development, with a 16-metre-wide frontage, RD6 density and unlimited building height making it ideal for 4-5 new dwellings or hold and landbank for future amalgamation and development opportunities. You can leave your car at home with the world famous golden sands of Surfers Paradise just a short 10 minute walk away.

Don't miss this rare opportunity to secure this unique property - Please call Mark or Skye to find out more.
This property will be sold by public auction on Saturday the 29th May onsite at 2:00pm. Pre-auction offers will also be considered.

Existing Property Features
1/18 Burra St:
- 2/3 spacious bedrooms, one modern bathroom
- 2 separate living spaces
- Near new sparkling in-ground pool with outdoor shower and hardwood deck alfresco area
- Split systems air con in living and bedroom
- Separate laundry with external access to drying area
- Huge carport - fully gated and secure entry
- Gas cooking in modern kitchen
- Crimsafe screens throughout
- Security cameras installed.
- Timber style flooring throughout.
- Quality window furnishing including light-filtering and block out blinds.
- Quality ceiling fans throughout
- Great storage throughout
- Short stroll to Chevron entertainment precinct with development potential

2/18 Burra St:
- 2 spacious bedrooms, one modern bathroom
- Separate powder room
- Large living area opening onto deck and pergola area.
- Private entertaining area with hardwood deck and insulated pergola - north facing.
- Separate office space
- Large lockup storeroom or gym
- Separate laundry
- Split systems air con in living and bedroom
- Large new kitchen with stone tops, great storage
- Crimsafe screens throughout
- Security cameras installed.
- Timber style flooring throughout.
- Insta gas hot water system
- Quality window furnishing including light-filtering and block out blinds.
- Quality ceiling fans throughout
- Additional external lockable storage room
- Enough space for 2 vehicles under carport
- Short stroll to Chevron entertainment precinct with development potential

Development Information:
- Site area 506 sqm
- Site zoning: high density residential
- Building height limit: unlimited HX
- Residential density: RD6 (1 bed per 33sqm)
- Short 10 minute walk to the world famous Surfers Paradise Beach

Development opportunities:
- Apply to GCCC to build 4 x town home style dwellings - 3 to 4 levels.
- Landbank for future development and rent out both villas.
- Current estimated rental income $1200 - $1300 per week.
- Live in one villa and rent the other one out.
- Live in as one 4-bedroom house
- Re-develop one luxury residence.
- Apply for code assessable application for short term rental i.e., Airbnb.