PHOTO: Golden Ticket. AMAZON
“If you’re on the lookout for a real estate opportunity bursting with potential, you’ve just struck gold,” the listing proudly proclaims.
Located in the heart of Benowa, this impressive 1415-square-meter plot not only boasts a fully renovated residence but also includes the coveted “golden ticket” – Development Approval (DA) for two additional townhouses.
Perched on an elevated position, this property offers sweeping views of the Gold Coast cityscape. It’s conveniently situated just a stone’s throw away from patrolled beaches, renowned independent schools, and lively shopping, dining, and entertainment centers. The four-bedroom house seamlessly combines indoor and outdoor living, featuring an open-plan living, dining, and kitchen area that spills out onto an alfresco terrace and a sparkling pool.
The kitchen is equipped with top-of-the-line Blanco appliances, stone benchtops, and an island with seating, while the bathrooms are adorned with floor-to-ceiling tiles, WaterMark tapware, and sleek black fixtures. But what truly sets this property apart is its incredible potential.
However, the excitement doesn’t stop there, as the listing continues, “But here’s where it gets even more enticing.”
“Development Approval (DA) has already been granted for two modern four-bedroom townhouses, designed by SMEK Design, to be situated at the rear of the property. The choice is yours – seize the potential or savor the additional space and privacy.” Sabrina Chen, the marketing agent from Ray White Broadbeach Waters, describes it as a one-of-a-kind opportunity.
“We’re casting a wide net to attract buyers with the capacity to acquire this property, including developers,” Ms. Chen stated. “Whether you’re interested in constructing these townhouses yourself or plan to develop and resell in the future for a profit, this is undoubtedly a remarkable opportunity.”
“Vacant land in the central Gold Coast is a rare find. This Benowa property is now available for offers over $2.49 million.”
Records show that it was initially listed with another agent in February 2023, while the sellers purchased the property for $2.2 million in October 2021. According to PropTrack data, the median price for houses in Benowa is $1,508,578, reflecting a 1.95% increase over three months and a 6.23% increase over 12 months.