45 Cypress Avenue
Surfers Paradise, QLD 4217

This exceptional property at 45 Cypress Avenue, Surfers Paradise, offers a rare opportunity to acquire a complete 10-level high-rise building situated on a single title within the prestigious Budds Beach precinct of the Gold Coast. This tightly held asset boasts an enviable riverfront location on the banks of the Nerang River, providing uninterrupted southern and westerly views that encompass expansive water vistas, stunning sunsets, and the picturesque Hinterland skyline.

Strategically positioned on a prominent corner in the highly regarded Budds Beach area, the property combines a tranquil residential atmosphere with close proximity to the vibrant heart of Surfers Paradise. This unique blend of serenity and connectivity makes the site highly attractive for redevelopment, lifestyle-oriented projects, or boutique luxury accommodation ventures.

The building benefits from expansive river frontage and dual aspects, allowing for excellent natural light penetration and cross-ventilation potential. Its elevated position enhances privacy and optimizes view corridors, ensuring that any future redevelopment can capitalize on both the water and skyline perspectives.

Offered for sale via Expression of Interest, this property presents an exceptional redevelopment canvas. The scale and configuration of the site provide flexibility for a variety of high-end outcomes, including the development of boutique residential apartments featuring one or two luxury residences per floor. This concept aligns with the growing demand for low-density, premium riverfront living in sought-after Gold Coast locations.

The surrounding precinct is undergoing continual evolution, with strong interest in upscale residential projects and a diminishing availability of large, single-title redevelopment sites near Surfers Paradise. This positions 45 Cypress Avenue as a strategic long-term holding or transformation opportunity for developers, investors, and visionary buyers.

Whether envisioned as a landmark boutique apartment building, a luxury off-river residential scheme, or a bespoke redevelopment capturing the essence of Gold Coast waterfront living, this property offers significant scope, scale, and a setting rarely found in the current market.

Key inclusions of the property include nine two-bedroom apartments, one three-bedroom split-level penthouse with a rooftop terrace, and eleven basement car spaces (one space per unit plus one wash bay). The property is currently tenanted under 12-month leases expiring between September 2026 and May 2027, generating a gross rental income of $6,675 per month or $347,100 annually.

Recent improvements include the installation of a new lift, enhancing the building's functionality and appeal. Additionally, there is potential for an uplift in development potential on the site, subject to negotiations with the local council.

This offering represents a rare opportunity to secure a significant riverfront asset in a blue-chip location with exceptional redevelopment flexibility. Interested parties are encouraged to undertake their own enquiries and inspections to verify the information provided.

The seller reserves the right to close the Expressions of Interest campaign prior to the stated closing date.