20 Railway Parade in Nerang offers the astute purchaser a multitude of options with strong development potential future proofing a sound investment all round. For the first home buyer out there, this is your foot into the market that will provide you a leg up into bigger and better opportunities in years to come. The house itself presents like new internally with the renovated bathroom presenting as new and the kitchen featuring brand-new appliances and cabinetry. There are 5 split systems throughout the bedrooms and living areas so each space will be kept cool this summer. Two lounge areas service either end of the house with the western end of the house offering the perfect space for someone with a business to operate almost any type of enterprise out of, or a second lounge room for kids to watch T.V or hang out in. There's plenty of parking off street and parking for up to 6 cars on the premises itself. - Ample parking space at the rear for a trailer, boat or caravan. - Current rental appraisal at $750 per week with huge potential upside. - Space at the rear of the house to build an auxiliary dwelling and supercharge the rental yield to a potential $1500 per week. - 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. This unique opportunity is suited to anyone from first home buyers looking to get into the market, small business owners looking to live and run their business from an ideal space and location. Through to developers looking for their next project and savvy investors keen to invest their money into a high growth site with massive upside in a booming Gold Coast rental market. Explore the possibility of building multiple dwellings on the block and turning this site into an absolute rental cash cow in a market with vacancy rates below 1% and rental prices forecast to continue to boom for the foreseeable future. Contact Dan Knapp for a copy of the rental appraisal, town planning report 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.