20 & 22 Railway Parade, Nerang, QLD, 4211, Australia

Endless options await the new owner of this extremely versatile blue-chip site located in the booming growth corridor of Nerang.

The site is comprised of two side by side separately titled 506m2 parcels of land that equate to 1012m2 in total with 25m of frontage and over 40m in depth. The existing house has been tastefully renovated throughout and offers capacity for dual living or a sublet arrangement as it is. Featuring three bedrooms and two living areas, two kitchenettes and a bathroom with separate powder room. The floor-plan offers flexibility on generating strong income as either a permanent rental, or ideally setup for a small business with ample car parking on site. Rent the site out now as it is, while you plan your next move.

This quality land holding is suited to anyone from developers looking for their next project, through to mum and dad developers and land bankers keen to park their money into a high growth site with massive upside in a booming Gold Coast market.

Aside from building a significant unit project you may also like to explore the possibility of building multiple entry level dwellings on the block and turning this site into an absolute rental cash cow in a market with vacancy rates at 0.1% and rental prices forecast to continue to boom for the foreseeable future. Contact the agent for further info!

• Current rental appraisal at $900 per week with huge upside.
• RD5 medium density zoning.
• Building height of 15m - With relaxation precedence above this height being set recently in the same street.
• Immediate access to the M1 Motorway heading North/South.

Land bank the site now and cash it in again in years to come thanks to its versatility and proximity to Motorway and Booming Nerang industrial estate.

Contact the agent to receive an emailed copy of the town planning assessment recently conducted by HPC town planning, rental reports, recent sales and more.

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.