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117A-117D Scarborough Street, Southport QLD 4215

For Sale: EOI Campaign Closing 18th Nov

Land 5180 m²

Listed: 11 hours ago

Overview

Located in the heart of the Southport CBD within the Southport Priority Development Area (PDA), this extraordinary 5,180 sqm landmark development site presents an exceptional opportunity for visionary developers and investors. Its regular square-shaped footprint offers a highly flexible platform capable of supporting a landmark mixed-use precinct combining residential, commercial, retail, hospitality, and lifestyle components.

With unlimited height and density potential permitted under current planning controls, the site encourages a bold architectural approach to maximise the value and impact of the development. Three distinct access points fronting Scarborough Street, Marine Parade via Marshall Lane, and adjoining 14 Welch Street enhance site connectivity and circulation options. The inclusion of the vacant building at 14 Welch Street, which can be removed and integrated into an overall masterplan, further allows for the creation of a substantial internal driveway and efficient carpark design.

The Southport PDA is undergoing a significant transformation, with major surrounding developments including a $1.5 billion masterplan by DD Living, emerging high-rise towers such as the recently announced 40-level ODUS property group project, and infrastructure investments like the new stadium and light rail connectivity. This context adds considerable impetus to the site's value and development prospects.

Prime location with excellent transport connectivity and proximity to key local amenities such as Chinatown, shopping centres, cafes, Broadwater Parklands, and the Gold Coast University Hospital precinct.
Potential for captivating views towards Marina Mirage, South Stradbroke Island, and the Broadwater.
Opportunity to generate holding income from the current lease to a national tenant during the planning and approval phase.
The site is offered as a going concern, potentially providing significant GST advantages to eligible purchasers, subject to contract terms.

This one-of-a-kind landholding on the Gold Coast represents a rare chance to partake in the region's most significant urban renewal. It is suited to developers, institutional investors, and project partners seeking to create a standout destination within Southport's evolving CBD.

Local Market Insights

In Southport, Quiet Listings observed 2 new parcels of land entering the market over the last 30 days, with an average advertised asking price of $8,900,000. The property type mix of listed properties is predominantly Apartments at 32%, followed by houses (21%), and units (16%). The most active agency for land in the Southport area is currently Canford Estate Agents, representing 50% of new listings, followed by Ray White with 50%. 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.