16 Gray Street

Southport QLD 4215

This unique home oozes potential, lending itself to multiple options for all buyers:
Purchase fully furnished and equipped and continue operating as a short-term rental generating $90,000 gross income per year (subject to permit) from day one
Dual-income potential with the addition of a granny flat in the flat, cleared back yard
PDA zoning for looser regulations and easy development opportunities
Move straight in and enjoy your newly renovated home with all its modern amenities
Excellent zoning offers development opportunities either as a single site (duplex, townhome, walk-up units) or with neighbor amalgamation (medium rise apartments)
Terrific investment property as either a furnished or unfurnished permanent rental with its proximity to G-Link station, Griffith University and Gold Coast University Hospital

Property Features:
Renovated Southport Railway Workers cottage built in 1914
Fully fenced, flat block with all trees removed
Located in the Special Purpose Zone, Precinct 2, Southport PDA Residential Neighbourhood Zone
2 large bedrooms with floor-to-ceiling fitted out wardrobes and direct access to separate bathrooms
Two brand new bathrooms (Ensuite to master bedroom) each with toilet, shower and vanity
Stunning kitchen with stone benchtops, breakfast bar and quality appliances including dishwasher and microwave
Open plan living and kitchen with separate dining room
A/C in Living, ceiling fans in bedrooms
European laundry with washing machine and dryer combo & tub
Thoughtfully renovated to retain original features with 12' ceilings, stained glass windows, timber fret work and original sash windows
Off street parking for two cars behind colorbond front fence and motorized gate (clearance 1.73m)
Ample under house storage
Gross income of $80,000 per year as short-term rental
Option to purchase fully furnished and equipped

Location:
Broadwater Parklands & Gold Coast Aquatic Centre - 750m
Australia Fair Shopping Centre - 850m
Nerang St G-Link Station - 1.3km
Southport CBD and Chinatown - 1.3km
St Hilda's Private School - 1.3km
Smith St Motorway - 1.5km
Queen Street Village - 1.8km
Southport State High School - 2km
Musgrave Hill State School - 2.2km
Southport State Primary School - 3.1km
TSS (The Southport School) - 3.4km
Ferry Road Markets and Brickworks - 3.7km
Griffith University & Gold Coast University Hospital - 3.4km
Harbour Tower Shopping Outlets - 5.4km
Westfield Helensvale - 11.7km

Property Information:
Council Rates* - $2,260 per year ($1130 bi-annually)
Water & Sewerage Rates* - $1,400 per year ($350 per quarter)
* approximately

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.