Huge investment potential in Southport to go under hammer

Huge investment potential in Southport to go under hammer

By Jacqueline Latimer on Jun 15 2017

A prime development opportunity will go under the hammer next Saturday, offering one lucky bidder unlimited possibilities.

With complete frontage to Queen Street in Southport, this property is sure to attract a large crowd of buyers.

LJ Hooker Southport sales agent Ben Latimer said the property, which currently houses two dwellings, is a rarity given its location and favourable block size.

“Properties of this nature don’t come up too often, particularly in such an outstanding area,” he said.

“Southport is undergoing a huge transition in becoming the number one business hub of the Gold Coast. We have already witnessed plenty of progression which is obviously continuing and has seen it become the thriving metropolis it is today.

“To find a property that is located so close to the CBD as well as the beautiful Broadwater, that also presents the perfect opportunity for future development, is rare and something that I think should not be missed.”

The property has two houses on it, both in their original form, which are currently occupied. It is 405m2 and boasts a large 40.5m frontage to Lather Street, just off Queen.

The land is included in the Southport Priority Development Area (PDA), providing the perfect investment opportunity both as it is and furthermore, should it be developed in the future.

“It’s a high-yielding property with two houses on one block offering a great aspect for the right development. The opportunities are truly endless for the right buyer,” Ben said.

Originally purchased by its current owners in 2005, this property has continually performed well and this is set to improve given the continued growth in the area.

“The sellers love this property but being based in Tasmania, they have decided to wind up their property portfolio on the Gold Coast,” Ben said.

LJ Hooker Queensland South and Northern NSW regional manager Paul Moore will auction the event on Saturday, June 24 at 11:30am onsite.

To view 40 Queen Street prior to auction, contact Ben Latimer on 0402 921 314, visit this Saturday’s open home from 11am or click here for further information.