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Overview
Located at the junction of two prominent Surfers Paradise sites, this unique development opportunity comprises a combined landholding of 1,237sqm. Comprising an 832sqm strata titled apartment complex featuring eight lettable apartments and a secondary 405sqm dual living residence, this amalgamation creates a versatile canvas for prospective developers.
With an existing income stream of approximately $140,000 from the apartment complex and an additional $900 weekly from the dual living residence, the site represents both immediate holding value and long-term development potential.
Positioned at the Broadbeach end of Surfers Paradise Boulevard with street frontage to a main arterial road, the site benefits from excellent exposure, direct light rail access, and proximity to key landmarks such as the Surfers Paradise Centre, beachfront, Jupiters Casino, Gold Coast Convention Centre, and Pacific Fair shopping precinct.
The land is designated for high-rise development with an unlimited height restriction and approval support for a 30-storey apartment or hotel tower, offering a code-assessable pathway for sizeable projects. With secondary street access via Vista Street, providing convenient entry close to the iconic beaches, the site caters to diverse development plans incorporating both residential and hospitality elements.
This offering is particularly suited to development professionals seeking a prime city-fringe location with capacity for iconic high-rise construction and consistent rental returns during the planning phase.
Local Market Insights
In Surfers Paradise, Quiet Listings observed 70 new apartments entering the market over the last 30 days, down from 92 during the previous 30-day period, with an average advertised asking price of $1,309,229. The property type mix of listed properties is predominantly Apartments at 58%, followed by units (15%), and houses (15%). Ray White was the most active agency in this area, representing 74.8% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
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
Surfers Paradise QLD 4217
Market Insights for Surfers Paradise QLD 4217
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.
