Expressions of Interest Closing February 3rd at 5 PM
Seller will consider offers prior to closing date.
Data Room - https://bit.ly/63Minnie
The Opportunity & Development Advantage:
• Take advantage of a rare opportunity to save significantly on build costs while maximising your development potential. Under the strict 2022 NCC requirements, this site would likely be limited to five residences, as the new rules demand larger doorways and hallways as part of the liveable housing design standards, reducing usable floor space and cutting into profitability. However, with 2019 NCC approval already in place, this project allows for the construction of six residences, preserving more bedrooms, enhancing saleable area, and boosting margins-an opportunity to deliver more value while staying ahead of rising costs.
• Ready to build with immediate potential to capture strong margins in the rising Southport market.
Southport is poised for growth with the Gold Coast City Council (GCCC) making it a key focus as the city's CBD, and the preferred site for the proposed GC Arena, which would bring significant financial benefit for Southport; that coupled with the GCCC's focus on Southport being cities true CBD, underpinned by the 2025 Southport Master Plan, due for release in the coming months.
This opportunity will appeal to developers, investors, build-to-rent operators, long-term investors/SMSFs, and homeowners seeking a property with future upside potential.
The current home has been renovated in recent years, so could be easily leased for a period should you not be ready develop straight away, or live in it before capitalising on the enhanced demand.
For developers with a commercial mindset, this project represents a highly executable venture-minimising risk, maximising profit margins, and capitalising on one of Queensland's most promising precincts.
Key Features
Site Overview:
• 708m² site, gently falling to the street
• Current home can be lived in, rented, demolished
• Rectangular with 20m frontage
• DA Approved - 6 x Modern Terrace Homes
• BA is paid for and ready to be finalised January/February
Approved Design:
• 6 Residences ranging from approximately 151m² to 186m²
• 3-Level Homes with high ceilings:
• Level G: 2.55m
• Level 1: 3.0m
• Level 2: 2.75m
• Functional floor plates and a modern design
• Flexible to builder modifications
The Current Home:
• Renovated 1970s-built property
• Plenty of yard space, fully fenced
• 3 bedrooms, 2 bathrooms, 192m² under roof
• Rental return estimated at $900 per week - ideal for holding income.
The Growth Opportunity
Gold Coast Outlook:
• The recent change to a State Liberal-led government brings renewed focus to the Gold Coast.
• The GCCC has Carey Park in Southport, as the preferred site for the proposed Gold Coast Arena, a stadium for 12,000-18,000 people, which would drive significant economic development.
• With major infrastructure and 2032 Olympics investment, Southport is poised for unprecedented growth.
Southport Market Insight:
Southport is poised for growth with the Gold Coast City Council (GCCC) making it a key focus as the city's CBD, and the preferred site for the proposed GC Arena, which would bring significant financial benefit for Southport.
The Gold Coast City Council's 2015 Southport PDA is being reimagined, with a new Southport Master Plan expected to launch in early 2025 - promising a wave of development and economic growth.
• A new wave of local, national, international interest actively purchasing now.
• Charter Hall buys the 'Cecil Hotel' for $14,250,000 in Oct 24
• Sydney developer puts 'Cienna' site under contract for $15,000,000 in Sept 24
• Malaysian developer buys second GC site, 20 Queen St, for $7,250,000 June 24
Why This Development Makes Sense:
• Strong local demand for modern, low-maintenance homes in Southport.
• An affordable entry point into one of the Gold Coast's most strategic growth hotspots.
• Flexible timelines - hold and rent, or build immediately to maximise market gains.
• Effective approval allows strong margins
Contact us today to explore the full potential of 63 Minnie Street, Southport - an opportunity for astute developers to capitalise on this established growth spot.
Mark Stafford 0413 302 222
Rob Rollington 0400 780 339
Remember to mention you found this property on DevelopmentReady
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