Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
Prime Development Opportunity in Rapid Growth Corridor
This property presents a prime development opportunity located in the rapidly growing corridor of Labrador, Queensland. The site is a sizable block of land measuring 755 square meters, currently occupied by a three-bedroom older style house with one bathroom. The property is presently tenanted under a periodic lease, offering immediate rental income potential.
Significantly, the property benefits from a Development Application (DA) approval for a mixed-use project. This approval includes plans for a residential tower comprising 13 luxury apartments spread over four levels, alongside three retail outlets on the ground level. The DA approval has been extended until August 2027, providing ample time for development planning and execution.
The site boasts a large frontage on Frank Street, offering high commercial exposure, and benefits from two street frontages in total, including Central Street. Its strategic location is just 150 meters from the Broadwater, enhancing its appeal for both residential and commercial uses.
Zoned for Medium Density Residential, the city plan permits a height limit of 29 meters in this part of the Gold Coast, allowing for substantial building scale. The retail component of the approval includes three food and drink outlets, complemented by one level of basement parking and additional ground floor parking, catering to both residents and visitors.
Location advantages include easy access to the Broadwater and Broadwater Parklands, proximity to the Gold Coast University Hospital precinct, and convenient access to the M1 motorway for travel north to Brisbane or south to Byron Bay. Labrador currently has a population exceeding 19,000 people, with a forecast growth rate of 2% per annum, indicating a strong and expanding market.
The area is well-serviced with an abundance of commercial and dining options, making it an attractive destination for future residents and businesses alike. This property offers a unique opportunity for developers and investors to capitalize on the growth and development potential in a prime location on the Gold Coast.
Prospective purchasers are advised to conduct their own due diligence and inspections to verify all information and assess the suitability of the property for their intended use.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Labrador QLD 4215
Market Insights for Labrador QLD 4215
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
