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:
0409 576 557
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.