37 & 39 Euragee Street SOUTHPORT QLD 4215
EXPRESSION OF INTEREST

DESCRIPTION

Located in the Southport PDA (Priority Development Area) Precinct 1 close to Allamanda Private Hospital , these 2 properties totalling 2024m2 present a rare development opportunity in the heart of Southport.
A prime location within a stroll to Allamanda hospital and the old Gold Coast hospital site and only a short walk to the Gold Coast light rail system and close proximity to the Southport CBD , Southport Mall, Gold Coast China Town, Australia Fair shopping centre and the relaxing Broadwater Parklands.
Relevant features of the site include:

*Total Land Area: 2024m2
*Individual Land Areas:
37 Eugaree St - 1012m2
39 Eugaree St - 1012m2
*Zoning: Special Purpose
*Location: Within Southport PDA Precinct 1
*Height Limits: Unlimited but restricted by the building envelopes in the High Density Residential Zone Code
# Potential yield (Subject to council approval)
155 x 1 bedroom units with approx. 173 car spaces, 20 storeys approx; OR
77 x 2 bedroom units with approx. 87 car spaces, 14 storeys approx; OR
52 x 3 bedroom units with approx. 112 car spaces, 11 storeys approx; OR
A mixture of the above configurations
An impact assessment could provide a higher yield.
*Local Authority: Gold Coast City Council
*Current use: Both properties currently accommodate 3 bedroom, 1 bathroom homes with single car parking
*Rent Potential: Approximately $800 per week, subject to formal rental appraisal being undertaken

These properties present a great opportunity for the astute developer..not to be missed!

# Taken from a feasibility assessment by Paul Ziukelis Architects. Available on request.

Disclaimer: The information provided on this site or orally in relation to these properties should not be relied upon in any way by the recipients of this information or their related parties. All parties must undertake their own investigations and due diligence in relation to these properties and their suitability for potential development.