Development/Land

Offers over $8million - closing 31st August 2021.

This is one of the few remaining and most exciting development site opportunities in the popular and iconic "Budds Beach" precinct of Surfers Paradise, offering scale, DA approval with future river and ocean views, two street frontages and substantial holding income.

- Total Land area - 2,130sqm*
- Great opportunity to acquire this premium sized block of land at fair market value
- DA approved for 45-storey building, comprising 211 apartments (405 beds); can be varied for a smaller development
- Previous DA approval for 19-storey building, comprising 108 apartments (163 beds)
- Town Planning Advice for a 20-storey resort/hotel, comprising 200 rooms, and resort facilities
- Zoned "High Density Residential" and "HX - Unlimited Height"
- Significant gross rental income of $200,000* p.a.
- 4 adjoining properties (unit complexes) with 2 street frontages
- Range of alternate development options^ such as a boutique resort development, residential houses or duplexes, or land bank for the future
- Previous MOU with International Hotel Operator for alternate hotel scheme
- Located in the popular 'Budds Beach' precinct - adjacent to 5-star JW Marriott Resort, close to light rail (200m*), shops, cafes / restaurants, river (100m*) and world famous Surfers Paradise beach (300m*)
- Future development to provide panoramic ocean, river, hinterland and Broadwater views

For further information, please contact the Ray White Marketing Agents.

*approx.
^Subject to Council Approval

Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees mu...