1 Nakina Street
Southport, QLD 4215

Overview

Prime Development Opportunity - High Exposure, Endless Potential

This property is being offered for the first time in over 25 years and represents a prime development opportunity in a rapidly evolving growth corridor. Situated on a high-exposure 586 square meter site, this blue-chip parcel offers exceptional flexibility and significant future upside potential.

The asset is tightly held and ready for its next chapter, providing both immediate income and long-term development possibilities. Suitable for developers, investors, or strategic land-bankers, the site has scope for duplex, multi-dwelling, or commercial developments including health care, medical centre, or neighbourhood store, subject to council approval (STCA). A completed town planning brief is available, offering valuable insight and a head start for prospective buyers.

Currently leased at $800 per week until January 2027, the property generates a strong holding income of approximately $41,600 per annum, allowing owners to earn returns while planning future development or investment strategies.

The existing residence is a character-filled Queenslander style home with immediate rental appeal. It features three spacious bedrooms, a generous lounge area with French doors opening to both front and rear verandas, and a large kitchen equipped with ample storage and a freestanding stove/oven. The bathroom includes both a shower and a bath, complemented by a separate toilet and generous under-house storage space.

Conveniently located within walking distance to schools, parks, public transport, and local shops, the property is just minutes from the Southport CBD. This location benefits from ongoing growth and strong demand, making it an attractive proposition for a variety of buyers.

Key highlights of the property include:

• 586 square meter high-exposure site
• Three spacious bedrooms and one bathroom
• Multiple development pathways subject to council approval
• Completed town planning brief available
• First time offered since October 2000
• Secure income of approximately $41,600 per annum
• Current lease until 6th January 2027 at $800 per week
• Large kitchen with ample storage and freestanding stove/oven
• Bathroom with shower and bath, plus separate toilet
• Generous under-house storage

This property offers high exposure, strong income, proven holding potential, and unlimited upside. It is a rare opportunity that should not be missed by those seeking a valuable asset in a prime location.

*Disclaimer: The images and representations in this listing are for marketing purposes only and may not accurately reflect the current condition or appearance of the property. Interested parties are advised to conduct their own inspections, enquiries, and due diligence. No guarantees or warranties are made regarding the accuracy of the information presented.

Location