SIGNATURE DEVELOPMENT SITE AMALGAMATION – SURFERS PARADISE
2961 SURFERS PARADISE Boulevard, Surfers Paradise QLD 4217
R2-826340 - For Sale
FOR SALE – OFFERS INVITED
AMALGAMATION OF TWO DYNAMIC SURFERS PARADISE SITES
*2961 Surfers Paradise Blvd, Surfers Paradise – 832sqm
*27 Vista Street, Surfers Paradise – 405sqm
TOTAL SITE AREA 1237sqm
This signature amalgamation of sites offers a rare development opportunity in Surfers Paradise. One Site fronts Surfers Paradise Blvd which leads from Surfers Paradise to Broadbeach and the other on Vista Street which leads to the famous Surfers Paradise Beach just minutes stroll.
I) 2961 Surfers Paradise Blvd
Currently a strata titled apartment complex of 8 apartments for letting deriving an annual income of around $140,000.
ii) 27 Vista Street
Currently a two storey (dual living/rental up/down) residence which offers holiday or residential rental capability with income of around $900 per week
The Main site has been the subject of a pre-lodgement meeting with Gold Coast City Council for a 30 storey apartment/hotel development application which was met with general consensus by local government. The sites allow for unlimited height restriction but 30 levels is Code Assessable whilst higher would be Impact Assessable.
The amalgamation of the two sites offers a blank canvas to create a development with a main road presence & exposure and secondary street access for other access points.
The location sits at the Broadbeach end of Surfers Paradise and has light rail at its’ doorstep and is conveniently proximate to Surfers Paradise Centre, Surfers Beachfront, Broadbeach, Jupiters Casino, The Gold Coast Convention Centre & Pacific Fair to name a few.
Excellent holding income and suitability for a high rise development create an opportunity for developers to acquire these sites by way of expression of interest.