1 Nakina Street

PLEASE CALL TO ARRANGE AN INSPECTION High Exposure. Strong Income. Proven Hold. Unlimited Upside. Positioned on a high-exposure 586m² site within a rapidly evolving growth corridor, this blue-chip parcel offers exceptional flexibility and future upside. This is a rare chance to secure a tightly held asset now ready for its next chapter - delivering both immediate income and long-term development potential. Whether you're a developer, investor or strategic land-banker, the opportunity is significant, with scope for duplex, multi-dwelling or commercial outcomes including health care and medical centre or neighbourhood store (STCA). A completed town planning brief provides valuable insight and a genuine head start. Currently leased at $800 per week until January 2027, the property provides a strong holding income of approximately $41,600 per annum, allowing you to generate returns while planning your next move. The existing residence is a character-filled Queenslander offering immediate rental appeal. Inside, you'll find three spacious bedrooms, a generous lounge with French doors opening to both the front and rear verandas, and a large kitchen complete with ample storage and freestanding stove/oven. The home also features a bathroom with shower and bath, separate toilet, and generous under-house storage. All set within walking distance to schools, parks, transport and local shops, and just minutes from Southport CBD - a location underpinned by ongoing growth and demand. First time offered in over 25 years - This Property Will Be Sold! Opportunities of this calibre don't wait - and neither should you. Please call Vince Lock on 0422 983 382 or Linda Lock on 0437 961 197 to schedule an inspection. Key Highlights: 586m² block- High-exposure site Multiple development pathways (STCA) Town planning brief already completed and available Secure income of approx. $41,600 per annum Three spacious bedrooms and one bathroom First time offered since October 2000 Currently leased until 6th January, 2027 for $800 per week Large kitchen with ample storage and freestanding stove/oven Bathroom with shower and bath, plus separate toilet Generous under-house storage *Disclaimer: The images and representations in this property listing are provided for marketing purposes only and may not accurately reflect the current condition or appearance of the property. Changes, alterations, or differences may exist. Interested parties are advised to rely on their own inspections, enquiries, and due diligence when considering this property for purchase. The seller and agent make no guarantees or warranties regarding the accuracy of the information presented.