9 Darrambal Street Surfers Paradise, QLD 4217

Chevron Island presents a premium cash flow opportunity with development upside, supported by its desirable location, limited land availability, and increasing demand for upscale properties. With recent zoning changes offering high density residential and unlimated construction heigh limit, boosting the immediate property value, location popularity and local economy.

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 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.

Key Information:

• RPD: Lots 1-4 BUP 796.
• Total land area: 506m².
• Zoned: High Density Residential.
• Rates: Approx. $10,597.00 per annnum.
• Water: Approx. $7,496.00 per annnum.

Holding Income

• 1/9 Darrambal - $575.00 - $600.00 rental appraisal.
• 2/9 Darrambal - $570.00 per week.
• 3/9 Darrambal - $550.00 per week.
• 4/9 Darrambal - $600.00 per week.