9-11 Darrambal Street Surfers Paradise, QLD 4217

Chevron Island presents a premium development site, supported by its desirable location, limited land availability, and increasing demand for upscale properties. With strong market growth, there is significant potential to develop or redevelop existing residential sites into high-end apartments or townhouses, targeted at buyers seeking scenic views and resort-style amenities.

This property is part of a vibrant urban island community within Surfers Paradise. Its strategic location offers effortless access to iconic attractions such as Surfers Paradise Beach and the HOTA Art Centre. The site delivers a unique combination of lively city energy and tranquil island serenity.

Currently, the site generates ongoing holding income from four 2 bedroom units and two 3 bedroom townhouses providing immediate cash flow throughout the planning and development stages. Its prime location and favorable market trends make it an attractive opportunity for developers and investors seeking substantial capital growth and attractive rental yields.

The Property

9 -11 Darrambal Street
• RPD: Lots 1-4 BUP 796 & Lots 1-2 BUP 101148
• Total land area:1,012m2
• Zoned: High Density Residential

Holding Income

• 1/9 Darrambal - $575 - $600 rental appraisal
• 2/9 Darrambal - $570 per week
• 3/9 Darrambal - $550 per week
• 4/9 Darrambal - $600 per week
• 1/11 Darrambal - $1400 per week
• 2/11 Darrambal - $1,500 - $1,550 rental appraisal
• Fully leased return approx $270,000 pa