39 Eugaree Street Southport QLD 4215

Large land in Southport PDA | Knockdown condition | Bundled for redevelopment | No overlays | Walk to CBD amenities This property is a strategic land acquisition, not a residential purchase. The cost is the capital outlay and holding costs for a development site, with the primary risk being project feasibility and market timing within the PDA. The opportunity is to capitalise on the precinct’s high-density zoning for a commercial or residential project. The judgment is to treat this as a development site or land bank, not for occupation. Its competitive strength is the rare 1,012m² parcel within a Priority Development Area, zoned for significant density, combined with two adjacent lots for a master-planned site. This serves a developer or consortium, positioning a buyer to control a transformative block near the light rail and CBD core. The lack of overlays streamlines the approval pathway. Your next step is to commission a feasibility study against the PDA’s desired uses to quantify this potential. Southport’s 3-bedroom house median sits at $1.025 million, with 170 sales this year averaging 23 days on market. This context confirms the subject property, marketed as a knockdown on a large block, operates in a different asset class entirely, where value is derived from its land component and zoning potential, not its existing improvements.