Watch Watch
Your home of Development Ready videos
Watch Watch
Back

1156-1164 Gold Coast Highway, Palm Beach, QLD 4221

+17 Photos

1156-1164 Gold Coast Highway, Palm Beach, QLD 4221

Palm Beach

×
+19 Photos
1156-1164 Gold Coast Highway, Palm Beach, QLD 4221

1156-1164 Gold Coast Highway, Palm Beach, QLD 4221

Properties / Buy / Queensland / Palm Beach
Development Potential
Property Type
Commercial
Sub Type
Retail/Shopping Centre
Land Area
2,053 m² (*approx)
Zoning
Centre
Selling Method
EOI: Expressions of Interest closing 15th August 2pm
DOCUMENTS AVAILABLE
Show All
Fully Leased Corner Retail Centre with Significant Development Potential in Palm Beach

Adam Grbcic and Michael Kollosche of Kollosche Commercial are pleased to present The Cove Shopping Centre, Palm Beach ("The Site") - a prime landholding in a high-growth coastal precinct, supported by generous planning controls and immediate redevelopment potential.

This rare offering provides the opportunity to acquire a fully leased retail investment positioned on a high-exposure, north-east facing corner within the heart of Palm Beach.

The Site features a diverse mix of established tenants and is underpinned by strong income, while offering significant development upside for either mixed-use or residential projects.

Anchored by national operator Snap Fitness, and supported by popular local businesses including Subway, Palm Beach Seafoods, and White Bohemian, the centre benefits from long-standing occupants.

Comprising five titles with a combined land area of 2,053m²* and dual street frontage to Gold Coast Highway and Seventh Avenue, the site is just 150m* from the beach. Zoned Centre Zone under the Gold Coast City Plan, the site supports a building height of 39m (approx. 12 storeys), with scope to increase to 18 storeys via an Impact Assessable Application. The residential density of RD7 allows for 1 bedroom per 25m² of net site area.

Key Highlights:

• Land area: 2,053m²* across five titles

• Fully leased to 9 tenants with strong occupancy history

• Net income: $524,082 p.a. + GST*

• Prominent frontage: 50m to Gold Coast Highway*, 41m to Seventh Avenue*

• Centre Zoning with 39m (12-storey) height limit and RD7 density

• Walkable to two proposed G:Link light rail stations

• Close to key amenities including Palm Beach Surf Club, The Collective, and Pavilions Palm Beach

Located in one of the Gold Coast's most tightly held suburbs, this site is positioned to benefit from continued urban growth, ongoing infrastructure investment, and increasing demand for high-density living.

This is an exceptional opportunity for developers, land bankers, or investors seeking a high-performing asset with long-term redevelopment potential.

The property is offered for sale via Expressions of Interest closing Friday 15th August at 2pm.

For further information or to arrange a private inspection, please contact the exclusive agents Adam Grbcic or Michael Kollosche of Kollosche Commercial.

Remember to mention you found this property on DevelopmentReady

Read More
Dataroom
Development Potential

1156-1164 Gold Coast Highway Development Site Summary

Property Type
Commercial
Sub-type
Retail/Shopping Centre
Land Area
2,053 m² (*approx)
Centre
Selling method
EOI: Expressions of Interest closing 15th August 2pm
DOCUMENTS AVAILABLE
Request Access

Development Site Highlights

Fully Leased Corner Retail Centre with Significant Development Potential in Palm Beach

Adam Grbcic and Michael Kollosche of Kollosche Commercial are pleased to present The Cove Shopping Centre, Palm Beach ("The Site") - a prime landholding in a high-growth coastal precinct, supported by generous planning controls and immediate redevelopment potential.

This rare offering provides the opportunity to acquire a fully leased retail investment positioned on a high-exposure, north-east facing corner within the heart of Palm Beach.

The Site features a diverse mix of established tenants and is underpinned by strong income, while offering significant development upside for either mixed-use or residential projects.

Anchored by national operator Snap Fitness, and supported by popular local businesses including Subway, Palm Beach Seafoods, and White Bohemian, the centre benefits from long-standing occupants.

Comprising five titles with a combined land area of 2,053m²* and dual street frontage to Gold Coast Highway and Seventh Avenue, the site is just 150m* from the beach. Zoned Centre Zone under the Gold Coast City Plan, the site supports a building height of 39m (approx. 12 storeys), with scope to increase to 18 storeys via an Impact Assessable Application. The residential density of RD7 allows for 1 bedroom per 25m² of net site area.

Key Highlights:

• Land area: 2,053m²* across five titles

• Fully leased to 9 tenants with strong occupancy history

• Net income: $524,082 p.a. + GST*

• Prominent frontage: 50m to Gold Coast Highway*, 41m to Seventh Avenue*

• Centre Zoning with 39m (12-storey) height limit and RD7 density

• Walkable to two proposed G:Link light rail stations

• Close to key amenities including Palm Beach Surf Club, The Collective, and Pavilions Palm Beach

Located in one of the Gold Coast's most tightly held suburbs, this site is positioned to benefit from continued urban growth, ongoing infrastructure investment, and increasing demand for high-density living.

This is an exceptional opportunity for developers, land bankers, or investors seeking a high-performing asset with long-term redevelopment potential.

The property is offered for sale via Expressions of Interest closing Friday 15th August at 2pm.

For further information or to arrange a private inspection, please contact the exclusive agents Adam Grbcic or Michael Kollosche of Kollosche Commercial.

Remember to mention you found this property on DevelopmentReady

Read More
Dataroom
Development Potential

Property Location of 1156-1164 Gold Coast Highway, Palm Beach, QLD 4221

Property Map

Market Intelligence Report

Developments and amenities within a 5km radius of the asset.

View Full Report - Dataroom
5km radius max
Distance
Asset Type

One moment please.

Retrieving latest data...

5km radius max
Distance
1156-1164 Gold Coast Highway, Palm Beach, QLD 4221 Palm Beach
Enquire