113-115 Falconer Street

Southport, QLD, 4215

  • 6bed
  • 2bath

Offers Over $2,000,000

Double Block with DA for 31 Unit, 8 Storey Boutique Apartment Complex, Great Holding Income

Sought-after Southport, is the hub and focus of investors, local and state councils and government. Our city planning changes are shining a spotlight on this suburb.

Featuring:
* 2 rented properties on a total of 1210sqm* of development land
* Elevated position offering amazing views starting from the 2nd floor
* North, south, east, and west aspects offering the end user choice
* Easy access to the light rail and transport, Griffith University, GCU Hospital
* Close to the CBD, quiet suburban location, popular with investors and owner occupiers
* 31 Units, rooftop terraces for 2 top floor 3 bedroom penthouses
* Visitor parking, 2 levels of parking for residents, basement storage, bike racks
* Variety of 2 and 3 bedroom apartments, good sized common areas and recreational space
* Holding Income of approximately $47,840 gross per year

With a total retail value of approximately $17,000,000, this is an opportunity not to be missed!

If you have been looking for a unique development site like this one, call Julie Reid on 0438 020 032 for further details or for a copy of the Information Memorandum.

Note: Photographs of views are an estimate from each elevation.

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

* Denotes 'approximate' where not stated.