Prime 1012m2 site with new approved development in Surfers Paradise
Opportunity; This is an opportunity to take advantage of this fabulous location approx. 85m to the famous Gold Coast beaches. This location is within a lazy stroll to the restaurants cafes, shopping centres and the exciting night life precinct of Surfers Paradise.
Development potential; This site has many development options with a great opportunity to amalgamate with neighbouring block in the future. There is a great opportunity for a joint venture with development companies and take advantage of the development approval for the 31 storey residential tower that is in place, or hold for the future for a solid long term investment.
Holding rental return; The 405m2 of vacant land amalgamated with the 607m2 lot with a block of 6 units, 4 x 2 bedroom and 2 x 1-bedroom with a combined income of $122,200 allows you to hold for the future or develop straight away to help house the growing population that is forecast to move to the Gold Coast in the coming years.
The current income return is $122,200 with long term tenancies in place in the very strong rental area. The potential for immediate rental increases is possible with the majority of leases now due for an increase.
Growth; The city of the Gold Coast is now undergoing a growth development period that is unprecedented since the conception of this small regional coastal town.
With the new phase of development now taking place after the release of the new 2016 town plan which heavily promotes the push for higher density residential living throughout the beachside areas.
Location; This site is located right in the heart of the action between Surfers Paradise and the new face of the Gold Coast, Broadbeach.
This world-wide holiday destination has all the world-class attractions within easy reach. The new Star Casino with its new 6 star hotel and residential tower, the Gold Coast convention centre, with world class restaurants, cafes and bars makes this the destination for tourists and holiday makers alike from all over the world.
The $670 million dollar renovation that Pacific Fair has gone through over the past 4 years has now turned this location in to the biggest in Queensland and the 4th largest of Australia's major shopping centres with an international reputation and destinations for all visitors.
The new light rail stations and infrastructure now being extended from Helensvale to Broadbeach or 'potentially' to Burleigh Heads will create easy access to all the world famous theme parks the Gold Coast is famous for.
There has never been a more exciting time to invest in the growth of this wonderful city with expediential growth in the very foreseeable future that has never been seen before on this continent they call Australia.
The amalgamation of 9 and 11 Thornton Street providing 1012m2 site offers unprecedented potential for development in this sought-after location.
- 1012 m2 development site
- RD 8 with high density zoning
- Unrestricted height limit
- Approx. 85m to the iconic world class white sandy beaches of the Gold Coast
- Easy stroll to the restaurant cafes and bars of Surfers Paradise with its exciting night life
- Short stroll to Northcliffe Surf Club and patrolled beaches
- Walk to the light rail station
- Rare development opportunity for hotel or apartment project
Call Simon Francis or Tania Pears for further information.
- Close to Schools
- Close to Shops
- Close to Transport