FOR SALE
EOI closing 3rd February 5pm

63 Minnie Street
Southport QLD 4215

Bedrooms: 3
Bathrooms: 2
Car spaces: 3
Land area: 708m2
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DA Approval for 6 Terrace Homes - Lucrative Opportunity

Expressions of Interest Closing February 3rd at 5 PM
Seller will consider offers prior to closing date.
Data Room - https://bit.ly/63Minnie
The Opportunity & Development Advantage:
• Take advantage of a rare opportunity to save significantly on build costs while maximising your development potential. Under the strict 2022 NCC requirements, this site would likely be limited to five residences, as the new rules demand larger doorways and hallways as part of the liveable housing design standards, reducing usable floor space and cutting into profitability. However, with 2019 NCC approval already in place, this project allows for the construction of six residences, preserving more bedrooms, enhancing saleable area, and boosting margins-an opportunity to deliver more value while staying ahead of rising costs.
• Ready to build with immediate potential to capture strong margins in the rising Southport market.
Southport is poised for growth with the Gold Coast City Council (GCCC) making it a key focus as the city's CBD, and the preferred site for the proposed GC Arena, which would bring significant financial benefit for Southport; that coupled with the GCCC's focus on Southport being cities true CBD, underpinned by the 2025 Southport Master Plan, due for release in the coming months.
This opportunity will appeal to developers, investors, build-to-rent operators, long-term investors/SMSFs, and homeowners seeking a property with future upside potential.
The current home has been renovated in recent years, so could be easily leased for a period should you not be ready develop straight away, or live in it before capitalising on the enhanced demand.
For developers with a commercial mindset, this project represents a highly executable venture-minimising risk, maximising profit margins, and capitalising on one of Queensland's most promising precincts.
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Property Details for 63 Minnie St, Southport

63 Minnie St, Southport is a 3 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 708m2. The place is currently for sale with Ray White Burleigh Group.

Building Type
House
Land Size
708m2

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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 19,723 properties. Over the last 5 years, Houses in Southport have seen a 67.64% increase in median value, while Units have seen a 97.51% increase. As at 30 November 2024:

  • The median value for Houses in Southport is $1,058,255 while the median value for Units is $719,406.
  • Houses have a median rent of $750 while Units have a median rent of $650.
There are currently 241 properties listed for sale, and 137 properties listed for rent in Southport on OnTheHouse. According to CoreLogic's data, 1079 properties were sold in the past 12 months in Southport.

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Mark Stafford
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Ray White Burleigh Group
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