18 - 22 Norman Street, Southport, Qld 4215

18, 20 & 22 Norman Street, Southport
Expressions of Interest Closing Thursday 22nd October at 5pm (unless sold prior)

SOUTHPORT PDA DEVELOPMENT SITE – 1,215SQM TRIPLE-LOT ASSEMBLY*

An exceptional opportunity to secure three contiguous sites in the heart of Southport, metres from the Broadwater. The property is offered as a consolidated development parcel with an approved 151-apartment development and a strong holding income of approximately $187,720 per annum.

Comprising 18, 20, 1/22 and 2/22 Norman Street, the property provides a rare 1,215sqm landholding across three adjoining 405sqm lots*, positioned within the Southport Priority Development Area (PDA).

The property benefits from current development approval PDA/2024/29, providing for a 32-storey residential tower comprising 151 apartments, 163 car spaces and a total approved height of approximately 102.5 metres.

The current approval represents a significant uplift from the property's previous approval, which provided for 68 apartments across approximately 14 storeys, with 89 car spaces and an approximate 45-metre building height.

The existing improvements provide a strong holding income while the approved development opportunity is progressed, with a supplied rental schedule indicating $187,720 per annum in scheduled rental income*.

Key Highlights

• 1,215sqm combined landholding*
• Three contiguous 405sqm lots offered in one line*
• Current DA approval for 151 apartments
• 32-storey residential tower
• 102.5m approved building height*
• 163 approved car spaces
• Previous approval for 68 apartments
• Strong holding income of $187,720 per annum*
• Southport PDA location
• Blue-chip position close to the Broadwater
• Minutes to Southport CBD and Australia Fair
• Close proximity to light rail, major health and education infrastructure

Strategically positioned within one of the Gold Coast's most established and evolving urban corridors, the property is located close to the Broadwater, Southport CBD, light rail, major retail destinations and the Gold Coast's key health and education precincts.

Southport continues to benefit from significant investment in transport, infrastructure, residential and commercial development, reinforcing its position as the Gold Coast's traditional CBD and a major employment and services hub.

Opportunities to secure a triple-lot development holding of this scale within the Southport PDA, with an existing approved 151-apartment scheme and established holding income, are increasingly rare.

Expressions of Interest Closing Thursday 22nd October at 5pm (unless sold prior)
Contact the exclusive agents for a full Information Memorandum.

*Approximately. Development approval and associated plans are subject to the conditions of approval. Rental income based on supplied rental schedule and subject to confirmation. Prospective purchasers should undertake their own independent due diligence.