67 Falconer Street Southport, QLD 4215

FOR IMMEDIATE SALE: De-Risked Multi-Residential Development Site with Immediate Holding Income

Strategically positioned within the high-yield Southport residential precinct, this regular-shaped development site features a newly secured, active Development Approval (DA) for a premium 9-unit multi-residential complex. Bypassing the planning risks and holding-cost lags typically associated with council processes, this asset provides incoming holding income via an existing tenancy through to next year, allowing ample lead time for presales, detailed design, and construction tendering.

Key Site Highlights
• DA Status: Formally approved for a highly efficient 9-unit residential configuration.
• Holding Income & Tenancy: Existing tenant in place until mid-2027, offsetting holding costs while advancing presales, working drawings, and operational approvals.
• Product Mix: Architectural footprint designed to meet robust local tenant and owner-occupier demand for premium, low-maintenance boutique apartments.
• Risk Profile: Positioned outside primary flood-hazard mapping with no restrictive character or heritage overlays, providing a highly predictable build environment.
• Services & Site Utility: Reticulated infrastructure (water, sewer, and stormwater) is directly accessible at the boundary line.
• Market Dynamics: Southport continues to experience historic low vacancy rates (consistently under 1%), ensuring strong gross rental yield projections and highly liquid end-product sales.

Location & Amenity Catchment
• Ferry Road Market & Brickworks: 3 minutes* (Boutique dining, specialty retail, and upscale amenities).
• Southport CBD & Broadwater Parklands: 4 minutes* (Major commercial, retail, and waterfront lifestyle precinct).
• Gold Coast University Hospital & Griffith University: 6 minutes* (A primary regional employment and education generator).
• Light Rail (G:link) Station: Walking distance* (Providing high-frequency transit links north to Helensvale and south to Surfers Paradise and Broadbeach).
• Surfers Paradise Beach: 8 minutes* by road.

The Opportunity
A de-risked residential project specifically tailored for mid-tier builders and developers looking to capitalize on the critical undersupply of newly built stock on the Central Gold Coast. By preserving your internal rate of return (IRR) through pre-secured planning permissions and immediate holding income, this asset allows for seamless project marketing ahead of construction commencement.

For copies of the lease schedule, Council Decision Notice, full architectural plan sets, and localized yield analyses, please contact Isaac Thorpe or Sid Arora directly.

*All development execution remains subject to standard statutory compliance and final council plan sealing.
*Approximate measurements, boundaries, distances and information provided.