An opportunity to secure a premium development site in the heart of the Gold Coast.
1,518m2 site (approx.), with potential for up to 2,024m2 (approx.)
45m Frontage with 33m Depth
High Density Residential | RD6 Zoning
Unlimited Height Potential
The two sites comprise a total of 10 apartments providing strong holding income in the heart of Chevron Island positioned within 950m walking distance from the sand of Surfers Paradise.
The site is suitable for apartment high rise building, retirement living, permanent or short stay accommodation.
16 Beds, 10 Baths
Gross Rental Returns:
12 Weemala Street; 2 Units Producing Circa $41k PA
14 Weemala Street; 4 Units Producing Circa $77k PA
16 Weemala Street; 4 Units Producing Circa $63k PA