“The four properties represent the largest development site on the hill ever offered to the market.”
On the southern end of Coolangatta sits Rainbow Bay; one of the Gold Coast’s finest attractions. Now, CBRE is offering prospective buyers an opportunity to purchase an elevated parcel of land that has the capacity to capitalise on the growing interest in the precinct.
The CBRE Gold Coast Metropolitan Investments team are looking to facilitate the sale of a 1,740 sqm landholding at 12-14 Hill Street, situated within the tightly held enclave of Rainbow Bay, primed for residential development. The site already has a concept lodged with Tweed Shire Council, and if these plans are approved, the new owner of the property will have the ability to construct a state-of-the-art, luxurious seven-storey apartment building.
12-14 Hill Street, Tweed Heads NSW 2485
“The four properties represent the largest development site on the hill ever offered to the market,” stated CBRE’s Mark Witheriff.
“The site has favourable zoning allowing for a 49.5 metre height limit, and comes with the added bonus of having a live development application currently with Tweed Shire Council.”
Given how rare it is to see Rainbow Bay development sites come to market, CBRE’s Mr. Witheriff and his colleagues Daniel Doran and John Nucifora are confident that the property is sure to generate plenty of competitive interest. 12-14 Hill Street is for sale via an Expressions of Interest campaign that concludes on Thursday, 10th of November, 2022.
