This is an exceptional opportunity to acquire a prime development site located in one of Southport's fastest growing positions. Set in a highly sought after pocket of Southport is this double-block with dual leased homes featuring DA approval for 8 townhouses on a substantial 1416m2 flat allotment. Close to all of Southport's amazing amenities, you cannot over capitalise in this highly sought-after location.

DA APPROVAL in place for 8 x three-storey townhouses :

This development site boasts DA approval for the construction of 8 x three storey 4 bedroom duplex/villas. The design and layout has been planned to maximise all living spaces. Each villa consists of 4 bedrooms, 3.5 bathrooms and each a 2 car garage, balcony and courtyards.

Build as per the current DA or amend to suit your ambitions and taste.

106 Eugaree Street offers a 3-bedroom, 1-bathroom home & 108 Eugaree Street offers a 4-bedroom 2-bathroom home with large storage shed garaging for multiple vehicles located conveniently close to all of Southport's amazing amenities. Walking distance to the light rail station, bus stop, schools and shops. The Southport CBD, Griffith University Hospital, and the new and exciting Queen Street Village development are all within close proximity.

You have the option to build immediately or in the future, making this property ideal for land banking and potential capital appreciation. The site currently returns a robust rental income of $1340 per week ($70k pa) approx.

HIGHLIGHTS:

* Absolute prime Southport location

* RARE, flat 1416m2 double block offering

* DA approved for 8 x triple-level 4 bed/3.5 bath/2 car townhouses

* Under 5mins drive to Southport CBD and very close to all amenities

* 106 Eugaree Street offers a 3-bedroom, 1-bathroom home on 708m2 block

* 108 Eugaree Street offers a 4-bedroom, 2-bathroom home + large storage shed/garage on 708m2 block

* Golden opportunity for someone looking to build, develop or invest

* Central position close to public transport, Shops, Tram G-link and access to M1

* DA approved plans & Form 2 immediately available upon request

* Existing properties currently tenanted and generating $70k pa approx holding

* All offers in writing will be considered prior to auction

* Extremely motivated sellers, absolutely going to be sold on or before auction date!

LOCATION:

* Light Rail Station - 1km

* Ferry Road Markets - 2km

* St Hilda's School - 2km

* Australia Fair Shopping Centre - 2km

* Southport Park Shopping Centre - 2.8km

* The Southport School (TSS) - 3km

* Main Beach - 3.5km

* Marina Mirage - 5km

* Home of the Arts (HOTA) - 4.8km

* Surfers Paradise - 4.9km

* Gold Coast Convention & Exhibition Centre - 8.5km

* Broadbeach - 9km

* The Star Casino - 9km

* Pacific Fair Shopping Centre - 9.5km

Disclaimer: In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own inquiries to verify the information contained herein.

This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.