FOR SALE
$8,000,000

35-39 Eugaree Street
Southport QLD 4215

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Prime Opportunity To Purchase In Southport PDA1

This property is an outstanding development opportunity located in the Priority Development Area (PDA) Precinct 1 in Southport, Gold Coast. The site consists of three houses, each on separate titles, covering a total combined area of approximately 2978m2. The houses are in a knock-down or demolish condition and are not suitable for occupation.
The location of this property is highly desirable, being close to various amenities, schools, hospitals, and public transport. It is within walking distance to prestigious schools like TSS (The Southport School) and St Hildas, as well as the Southport Private Hospital, Ferry Road Markets, and the picturesque Broadwater.
The Southport PDA Precinct 1 is envisioned by the council to become a hub of innovation, economic activity, entertainment and leisure. The desired uses for this area include a mix of residential and non-residential CBD uses, high-density living, commercial office space, cafes/bars, and retail establishments. The building height, setback, and mass will be largely dependent on the proposed developments' use and design.
The property is also located within the Light Rail Urban Renewal Area (LRURA), providing excellent connectivity to the Gold Coast's public transport network. Additionally, some proposed developments may benefit from reduced parking rate requirements due to this location.
Key Notes and Features:
Southport PDA Zone 1
Three separate titles
High density living potential
Combination of various development opportunities
Minutes away from Southport CBD
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Property Details for 35-39 Eugaree St, Southport

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Land

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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 19,681 properties.

    There are currently 228 properties listed for sale, and 158 properties listed for rent in Southport on OnTheHouse. According to CoreLogic's data, 1053 properties were sold in the past 12 months in Southport.

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