1425 Gold Coast Highway, Palm Beach, QLD 4221
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Northern Palm Beach Development Site/Block of Units

Tony Grbcic and Adam Grbcic, at Kollosche Commercial, are proud to present to the market, 1425 Gold Coast Highway, Palm Beach, Queensland.

This is a rare opportunity to purchase a freehold, corner site which is currently occupied by a block of 7 units and provides strong holding income.

Whether you are an investor looking for high-capital growth or a developer looking to either develop now or land bank, this site offers a great opportunity to secure a substantial parcel on the northern end of Palm Beach.

This property will be sold via public auction, In-rooms on Friday 12 August 2022 at 11:30am, to be held at Kurrawa Surf Club, Broadbeach.

The key attributes of the offering include;

-Total land area 817m²*

-Corner position which offers a 37 metre* frontage to Twenty Fifth Avenue and 20 metre* frontage to the Gold Coast Highway

The Existing Improvements include 7 units, over two levels;

-1 x 3 bedroom and 1 Bathroom unit

-4 x 2 bedroom and 1 Bathroom unit

-2 x 1 bedroom and 1 Bathroom unit

The Site offers significant redevelopment potential under the Gold Coast City Plan;

- Zone: Medium Density Residential

- Height: 29 metres

- Density: RD6

With the current growth on the Gold Coast, as well as the proposed light rail planned for Palm Beach in the coming years, this opportunity would suit both local and interstate developers as well as investors seeking high capital growth and a diversified income.

For more information, please contact the exclusive marketing agents Tony or Adam Grbcic.

This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Remember to mention you found this property on DevelopmentReady

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