FOR SALE
Auction - Monday 27th January 2025 at 10am

9 & 11 Water Street
Southport QLD 4215

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1214m2
Land area: 1214m2
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Auction Time
Mon 27 Jan 10:00 am
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PRIME DEVELOPMENT SITE IN CENTRAL LOCATION - STRONG HOLDING INCOME

Michael Willems & Matt Taylor from RWC Gold Coast and Matthew Fritzsche from RWC Special Projects present 9 & 11 Water Street, Southport for sale via urgent auction. Boasting a lapsed development approval with a strong holding income and dual street frontage this is a desirable asset in the high growth suburb of Southport. This is the ideal opportunity for a builder, developer, investor or owner occupier to purchase a significant sized parcel located just minutes to the stunning Broadwater, local shopping, the popular Chirn Park retail precinct and the Southport CBD.
Key features are:
• Total land area of 1,214m2* over 2 titles
• To be sold as one
• Corner allotment with frontage to both Water Street and Shillito Street
• Two adjoining properties (4 rental incomes) providing a combined gross annual rent of $117,260.00*
• An ideal development for houses, townhouses/duplexes, apartments, short term accommodation
• Each property previously had individual DA approvals (9 and 10 units - now lapsed).
• Current zoning allows up to 8 levels and potential for 48 x 2 bed units (subject to Council approval).
• 1km* from the Southport CBD, the stunning Broadwater and the popular Chirn Park retail precinct
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Property Details for 9 & 11 Water St, Southport

Building Type
Commercial
Floor Size
1214m2
Land Size
1214m2

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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 19,707 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 226 properties listed for sale, and 134 properties listed for rent in Southport on OnTheHouse. According to CoreLogic's data, 1061 properties were sold in the past 12 months in Southport.

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Michael Willems
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Matt Taylor
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RWC Gold Coast
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