Offers over $5.5 million

22

8

PRICE REDUCTION. OFFERS OVER $5.5 MILLION DEVELOPMENT SITE - SURFERS PARADISE WITH HOLDING INCOME 2963 Surfers Paradise Blvd, Surfers Paradise - 832sq

This site offers a rare development opportunity in Surfers Paradise.

Currently a strata titled apartment complex of 6 x 3 bedroom apartments and 2 x 2 bedroom apartment for letting deriving an annual income of around $140,000 pa. It has also previously been used as a Backpackers Hostel where income was closer to $350,000 pa. nett.

This 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 allows for unlimited height restriction but 30 levels is Code Assessable whilst higher structure would be Impact Assessable. The site falls within the High-Rise Accommodation Precinct (Precinct 2) of the Surfers Paradise Local Area Plan and has a density provision of RD 8 (1 bedroom per 13m2)
As no DA has been lodged it offers the buyer a blank canvas to create a development with a main road presence & exposure. With Northcliffe light rail station at its’ doorstep this site is conveniently located close to the Surfers Paradise Centre, beachfront, Broadbeach, Jupiter’s Casino, The Gold Coast Convention Centre as well as Pacific Fair.

For further information contact:

DAVID BLENCH
0409 576 557
david@blenchpropertygroup.com.au

Disclaimer: The above information has not been verified. We advise you confirm the accuracy of details before entering into a contract. Blench Property Group and its employees cannot be held responsible for any inaccurate details supplied here. Buyer(s) must do their own due diligence regarding drawings, floor plans, council approval and measurements etc. these have not been verified by Blench Property Group.

Features
  • Balcony
  • Pool - Inground

1-8/2961-2963 Surfers Paradise Boulevarde, Surfers Paradise

Offers over $5.5 million

22

8

Description
PRICE REDUCTION. OFFERS OVER $5.5 MILLION DEVELOPMENT SITE - SURFERS PARADISE WITH HOLDING INCOME 2963 Surfers Paradise Blvd, Surfers Paradise - 832sq

This site offers a rare development opportunity in Surfers Paradise.

Currently a strata titled apartment complex of 6 x 3 bedroom apartments and 2 x 2 bedroom apartment for letting deriving an annual income of around $140,000 pa. It has also previously been used as a Backpackers Hostel where income was closer to $350,000 pa. nett.

This 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 allows for unlimited height restriction but 30 levels is Code Assessable whilst higher structure would be Impact Assessable. The site falls within the High-Rise Accommodation Precinct (Precinct 2) of the Surfers Paradise Local Area Plan and has a density provision of RD 8 (1 bedroom per 13m2)
As no DA has been lodged it offers the buyer a blank canvas to create a development with a main road presence & exposure. With Northcliffe light rail station at its’ doorstep this site is conveniently located close to the Surfers Paradise Centre, beachfront, Broadbeach, Jupiter’s Casino, The Gold Coast Convention Centre as well as Pacific Fair.

For further information contact:

DAVID BLENCH
0409 576 557
david@blenchpropertygroup.com.au

Disclaimer: The above information has not been verified. We advise you confirm the accuracy of details before entering into a contract. Blench Property Group and its employees cannot be held responsible for any inaccurate details supplied here. Buyer(s) must do their own due diligence regarding drawings, floor plans, council approval and measurements etc. these have not been verified by Blench Property Group.

Agent Details
Agency Details
Blench Property Group

location

PO Box 346 Ormeau Qld 4208

phone

Key Details
property ID 1247447
available now
land size 832m2
build size 450m2
council rates Gold Coast City Council
body corporate Owner Body Corporate
water rates Gold Coast City Council
Media
  • Gallery
  • Map
  • Street view
Features
  • Balcony
  • Pool - Inground
Location
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