FOR SALE
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32 Chester Terrace
Southport QLD 4215

Bedrooms: -
Bathrooms: -
Car spaces: 2
Land area: 858m2
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PRIME DA APPROVED DEVELOPMENT SITE IN RARELY AVAILABLE TSS PRECINCT - WILL BE SOLD!

Our owner's circumstances have changed and an amazing blue chip development site is ready for new owners. This is an extremely rare opportunity to secure a superb development site, situated in one of the most rapidly growing enclaves within Southport, the TSS precinct. This sunny North East facing block is zoned RD5 with a 23m height limit with 50% uplift subject to council approval (STCA). With a current DA approval for a boutique residential apartment building comprising 11 x three bedroom apartments with rooftop entertaining area and 22 car parks on grade with views of the city skyline from the first floor. Build as per the current DA or amend to suit your ambitions and taste. Alternatively, the site presents an amazing site for a large multi-level with four + car garaging, townhouses or subdivide and build two separate homes on freehold titles. The property will be sold as vacant possession.
At present, there is a large immaculate three bedroom home on the block within close proximity to all local amenities. You can build now or build later and land bank for future capital growth whilst maintaining a strong rental income appraised at $700-$750pw
This site is perfectly located and is only a stone's throw away from major shopping centres and food markets including: Ferry Road Markets, Queens Street Village and Southport Park, the hospital, both private and public schools, dining precincts, cafes, the Gold Coast Broadwater, Gold Coast light rail stop, Griffith University and only a 5 minute drive to the beach, 32 Chester Terrace has it all!
• 858m2 DA approved block with 20.1m street frontage*
• Build now or build later and achieve a good rental return of approx. $700-$750pw
• Current home consists of three bedrooms, large living & dining plus one bathroom
• Golden opportunity for someone looking to build, develop or invest
• Centrally located to public transport and local amenities
• Rarely available in this highly sought after location
• Absolutely must be sold and owners will sell prior to auction
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Property Details for 32 Chester Tce, Southport

Building Type
Commercial
Land Size
858m2

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About Southport 4215

The size of Southport is approximately 14.6 square kilometres. It has 37 parks covering nearly 18.2% of total area. The population of Southport in 2011 was 28,314 people. By 2016 the population was 31,879 showing a population growth of 12.6% in the area during that time. The predominant age group in Southport is 20-29 years. Households in Southport are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Southport work in a professional occupation. In 2011, 41.2% of the homes in Southport were owner-occupied compared with 37.9% in 2016.

Southport has 19,717 properties. Over the last 5 years, Houses in Southport have seen a 74.53% increase in median value, while Units have seen a 94.86% increase. As at 30 September 2024:

  • The median value for Houses in Southport is $1,063,552 while the median value for Units is $709,480.
  • Houses have a median rent of $730 while Units have a median rent of $650.
There are currently 225 properties listed for sale, and 140 properties listed for rent in Southport on OnTheHouse. According to CoreLogic's data, 1057 properties were sold in the past 12 months in Southport.

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