Development Site - Chevron Island - Pending DA for 80 Apartments
Development Site / Chevron Island / Gold Coast - Queensland.
DA pending for 80x apartments across 1194m2 of prime land.
1,194m² Development Site
DA Pending for 80x Apartments
High Density Residential / Unlimited Height Limit
Street Frontage circa 29.9m
- 5 Stanhill Drive: 529m²
5x Apartments - strata titled
- 7 Stanhill Drive: 665m²
4x Apartments on one title
Yearly Gross Return: $201,000 P/A
*tenancy summary available upon request
Plans designed by local BDA Architecture.
Located at the Eastern tip of Chevron Island
5-7 Stanhill Drive, Chevron Island QLD
Property Description:
The two sites comprise a total of 9 apartments providing strong holding income in Chevron Island. The site has an active DA in place and will be sold subject to the latest IR set being endorsed.
Location:
Positioned in the highly sought after Easter Pocket of Chevron island within walking distance of the Retail Strip (Thomas Drive) whilst being pleasantly surrounded by the Nerang River. Chevron Island provides exclusivity and
quietness of an island, whilst being less than 1km from the sand of Surfers Paradise. Located in an outstanding growth location in the heart of the Gold Coast within close proximity to HOTA, Southport Golf Club & Gold Coast Turf Club, Beaches, and light rail connections.
Sale Process
For Sale by Expressions of Interest
Closing Thursday 17th November 2022
Antonio Mercuri
0434 629 921
antonio@gvpropertygroup.com
Luke Reaby
0417 888 4...
luke@gvpropertygroup.com
www.gvpropertygroup.com
Remember to mention you found this property on DevelopmentReady
