12-16 Weemala Street Surfers Paradise - www.gvpropertygroup.com - GV Property Group
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12-16 Weemala Street Surfers Paradise www.gvpropertygroup.com
12-16 Weemala Street | Surfers Paradise Executive Summary | 01
Executive Summary
Property
12-16 Weemala Street, Surfers Paradise QLD
Property Description
The two sites comprise a total of 10 apartments providing
12-16 Weemala Street
strong holding income in the Heart of Chevron Island.
The site is rectangular shape and will provide countless
development opportunities. The site is suitable for
apartment high rise building, retirement living, permanent or
short stay accommodation.
Location
Positioned in the highly sought after South West Pocket of
Chevron island within walking distance of the Retail Strip
(Thomas Drive) whilst being pleasantly surrounded by the
Nerang River. Chevron Island provides exclusivity and
quietness of an island, whilst being less than 1km from the
sand of Surfers Paradise. Located in an outstanding growth
location in the heart of the Gold Coast within close
proximity to HOTA, Southport Golf Club & Gold Coast Turf
Club, Beaches, and light rail connections.
Site Area
1,518m²
Frontage
45m frontage to Weemala Street
12
12-16
-16Weemala
WeemalaStreet
Street || Surfers
SurfersParadise
Paradise Site Dimensions | 02
15m 15m 15m
33m
33m
33m
33m
33m
15m 15m 15m
12-16 Weemala Street | Surfers Paradise Facts | 03
Facts
A opportunity to secure a development site in
the heart of the Gold Coast. The subject site,
1,518m² is located within the high density
residential zone of the Gold Coast City Plan;
zoning allowing for a density of 1 bed per 33m²;
and an unlimited building height.
12-16 Weemala Street
Zoning
High Density Residential
Unlimited Height Limit (RX)
RD6 (1 bed / 33m)
Lot 0-4 on BUP979
Lot 482 on RP93882
Lot 480 on RP93882
1,518m²
RD6
(1 Bed/33sqm)
45m Street
Frontage
Unlimited Building
Height
gvpropertygroup.com
12-16 Weemala Street | Surfers Paradise Holding Income 12 Weemala Street Unit 1 - $405 per week expiring 12/2021 Unit 2 - $390 per week periodic 14 Weemala Street Unit 1 - $340 per week periodic Unit 2 - $350* per week estimate (owner occupied) Unit 3 - $365 per week periodic Unit 4 - $410 per week expiring 09/2021 16 Weemala Street Unit 1 - $350 per week expiring 06/06/2022 Unit 2 - $285.00 per week expiring 17/05/2021 12-16 Weemala Street Unit 3- $290.00 per week expiring 18/11/2021 Unit 4 - $290.00 per week expiring 11/02/22 Potential Gross Income: $180,700 PA
12-16 Weemala Street | Surfers Paradise Indicative Views | 04
Indicative Views at 35m
West East
North South
12-16
12 -16Weemala
WeemalaStreet
Street || Surfers
SurfersParadise
Paradise Location | 05
The Location
Surfers Paradise is a seaside resort on Queensland’s Gold The Star
Coast in eastern Australia. It’s known for its high-rise skyline
With its luxurious accommodation
and Surfers Paradise Beach which offers a wide range of and spa, iconic bars, restaurants
restaurants, bars & markets. and entertainment precincts,
alongside the thrills of a
world-class casino, The Star
Gold Coast is Australia’s five-star
fun-parlour.
Pacific Fair
The Gold Coast’s
unmissable shopping &
dining destination with
400 stores including
the best collection of
Australian fashion,
luxury and global mega HOTA
brands.
Home of
The Arts
Home of the Arts is a
cultural precinct situated
in Surfers Paradise, City of
Gold Coast, Queensland,
The Oracle Australia. HOTA presents
Soaring high above Broadbeach’s premier shopping and dining precinct, live music, theatre, dance,
Oracle Broadbeach, known as Peppers Broadbeach, offers a chic and comedy, opera, kids shows,
exclusive haven for those seeking luxury, sophistication and relaxation. art, cinema from local,
national and international
artists and companies. It is
The Oasis surrounded by parklands
Fashion, dining and convenience with a stunning beachside location in the and a lake.
heart of Broadbeach, The Oasis offers a unique dining experience a number
of specialty stores, the convenience of Woolworths and Cotton On Mega.
gvpropertygroup.com
12-16 Weemala Street | Surfers Paradise Aerial View | 06
12-16 Weemala Street
12-16 Weemala Street | Surfers Paradise Sale Process | 07
Sale Process
Property
12-16 Weemala Street, Surfers Paradise
Sale Process
For Sale by Negotiation
12-16 Weemala Street
Luke Reaby
0417 888 411
luke@gvpropertygroup.com
Antonio Mercuri
0434 629 521
antonio@gvpropertygroup.com
www.gvpropertygroup.com
DISCLAIMER; This report has been prepared by GV Property Group Pty Ltd for the information of potential
purchasers to assist them in deciding whether they are sufficiently interested in the property ordered to proceed with
further investigation in relation to the property. The information contained in this report does not constitute any offer
or contract of sale; it is provided as a guide only; and has been prepared in good faith and with due care.
Potential purchasers must take note that the figures and calculations contained in this report are based upon figures
provided to us by outside sources and have not been verified by us in any way. We have no belief one-way or the
other in relation to the accuracy of such information. Any projections contained in this report represent estimates
only and may be based on assumptions that may be incomplete, incorrect or erroneous. Potential purchasers must
satisfy themselves in relation to all aspects of the report including development potential and cost; market take up;
rent levels; outgoings; and all other matters a prudent purchaser would consider relevant. The Vendor, GV Property
Group, or their employees, agents or representatives will not be liable for any loss or damage resulting from any
statement, figure, calculation or any other information that a potential purchaser relies upon that is contained in this
report or any other marketing material. The property will be traded or sold “as is” and “with all faults”, without any
representation or warranty as to its condition; fitness for any particular purpose; or compliance with any relevant law.
The Vendor reserves the right, at its sole discretion, to postpone or cancel the proposed trade or sale of the
property and to modify or add any terms and conditions to any proposed contract, vendor’s statement or other
material associated with the proposed sale, which may be made available to a potential purchaser.
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