Cinderella Drive
Springwood, QLD 4127

Overview

Springwood Core Off Cinderella Drive SPRINGWOOD QLD 4127

This property presents a unique investment and development opportunity located in the heart of Springwood. Positioned just across the road from key amenities including Coles, the Springwood Hotel and Pub, and the busway, this 750 square meter block is ideal for constructing 16 short-term rental apartments.

The proposed development consists of 16 apartments, each designed with two bedrooms, two bathrooms, and one secure car parking space. The location is highly sought after due to its central position near major transport links, including a quick access to the Pacific Highway, making it convenient for visitors from New South Wales and Victoria.

Short-term rental platforms such as Airbnb, Booking.com, and VRBO have shown significant demand for properties in Springwood, driven by its accessibility and proximity to both the Gold Coast and Brisbane CBD. The area attracts a diverse range of visitors including interstate family visitors, event and seminar attendees, consultancy clients, hospital visitors, and sports competition participants.

The estimated rental income for each apartment is approximately $250 per night, with a minimum occupancy of 250 nights per year. This translates to a potential gross annual turnover of around $1,000,000, highlighting the strong investment potential of this development.

With the upcoming 2032 Olympics, the demand for short-term accommodation in this region is expected to increase further, making this project a timely and promising venture.

Please note that the building design shown is an artist's impression illustrating how the 16 apartments could be configured on the 750 square meter block.

Location