574m²
Approximate site area
High Density
Residential zoning
4 units
Existing accommodation
1 title
Freehold holding
DEVELOPMENT POTENTIAL
41 Frank Street offers an opportunity to investigate future residential redevelopment on approximately 574m² of High Density Residential land. Existing accommodation provides potential holding income while a purchaser assesses the site, develops a concept and explores the relevant planning requirements.
Potential beyond the existing building.
Council-reported RD6 density and a 53-metre height designation provide a starting point to explore a site-specific residential development. Purchasers can investigate a proposal suited to the land, location and their investment objectives, subject to confirmation of planning controls and relevant approvals.
Income while you plan.
The existing accommodation offers potential holding income while purchasers investigate planning, design and feasibility. Assess the property as a longer-term investment, explore redevelopment, or consider a holding strategy while working through the options
NVESTMENT & LAND HOLDING
ESTIMATED RENTAL POTENTIAL
The supplied estimates indicate potential gross rent of $3,050–$3,100 per week at full occupancy, equivalent to approximately $158,600–$161,200 annually, before expenses.
The existing building is arranged as a two-bedroom unit, two one-bedroom units and a larger five-bedroom unit, all on one freehold title. This accommodation mix offers potential for multiple rental income streams while purchasers assess a longer-term investment strategy or investigate future redevelopment.
ESTIMATED POTENTIAL GROSS YIELD 6.34%–6.45%
At a $2,500,000 purchase price, based on estimated annual gross rental income of $158,600–$161,200 at full occupancy. Before outgoings, vacancy, acquisition and finance costs. This is potential yield—not the property’s current yield.
LOCATION & CONNECTIVITY
41 Frank Street offers an established Labrador address near the Broadwater, with waterfront parks, local cafés and restaurants contributing to the area’s coastal appeal. Positioned north of Southport, the property combines a residential setting with access to surrounding shopping and amenities.
Australia Fair Shopping Centre, Harbour Town and Runaway Bay Centre provide a choice of nearby shopping destinations. Together with the Broadwater setting, these amenities add to the location’s appeal for purchasers considering the existing accommodation and the property’s longer-term potential.
PRECINCT HIGHLIGHTS
The Broadwater & Waterfront Parks, Local Cafés & Restaurants, Australia Fair Shopping Centre, Harbour Town, Runaway Bay Centre
CLEAR SITE IDENTIFICATION
INFORMATION MEMORANDUMS & DUE DILIGENCE
Qualified purchasers and development groups can access the supporting information memorandums below for further property, planning, development and market information.
01
Developer Information Memorandum
Overview of 4 Railway St, the site, location, redevelopment positioning and preliminary development potential.
VIEW DEVELOPER IM
02
Southport Development Market Report
Explore selected apartment asking prices, reported sales and commercial leasing evidence to inform assessment of the site’s development potential.
VIEW MARKET EVIDENCE
03
DA Approval & Supporting Documents
Access the Council decision notice, approval conditions and supporting development documents for 4 & 4A Railway Street.
VIEW DA DOCUMENTS
Request further information or arrange a confidential discussion with Norton’s Real Estate Agency.
CONTACT NORTON’S
CLEAR SITE VIEWS
CLEAR SITE VIEWS