24-26 Scarborough Street
Southport, QLD 4215

Overview

CBD Development Opportunity or Land Bank

This property presents a prime opportunity for high-density residential development within the Southport Priority Development Area (PDA) precinct. The site is suitable for land banking or the creation of a landmark mixed-use development, offering significant potential for investors and developers.

The land parcel measures approximately 1,871 square meters and benefits from three street frontages, enhancing accessibility and development flexibility. The site previously had a Development Application (DA) that lapsed, which allowed for 221 dwellings and 311 bedrooms, indicating the scale of potential development.

Located in PDA Precinct 1, this mixed-use development site is strategically positioned adjacent to the Gold Coast City Council's proposed $300 million 'Towers of Power' government and court precinct. This proximity to major civic infrastructure adds considerable value and appeal to the site.

The surrounding area is well-serviced with amenities including light rail, shopping centers, retail outlets, and dining options, providing convenience and lifestyle benefits for future residents or tenants. Additionally, the site offers spectacular potential views over the Broadwater, South Stradbroke Island, and the ocean, which could be leveraged in the design and marketing of the development.

Currently vacant, the land is ready for immediate development subject to obtaining the necessary approvals. This presents a rare chance to secure a significant development site in a rapidly evolving precinct within the Gold Coast region.

Prospective purchasers are advised to conduct their own due diligence and inspections to verify all information and assess the site's suitability for their intended use. The information provided is approximate and should be independently verified.

Location