RESIDENTIAL SUBDIVISION DEVELOPMENT SITE IN THE CENTRE OF COOMERA (GOLD COAST) UNDER CONTRACT
• 53,545sqm* land site suitable for residential subdivision, townhouses and/or apartments
• 13,310sqm* land fronting Foxwell road zoned “high density and 26m height”. Yield approximately 399 bedrooms
• Other permittable uses include Aged Care, Medical, Apartments and Commercial uses (S.T.C.A)
• Less than 1 km to the Westfield Coomera (opening late 2018) and Coomera Train Station
The subject offering comprises a 7.824 hectare* irregular shaped land parcel suitable for a residential subdivision with an approval imminent for a three (3) lot reconfiguration, operational works for change to ground level and operational works for vegetation clearing.
This offering is located just 1km* from the new Coomera Westfield set to open later in 2018 and 1.5km* from access to the Pacific Motorway.
Suitable uses include:
Low to medium density residential development
High density residential development
Aged Care and Retirement
Commercial and Mixed-uses fronting Foxwell Road (subject to council approval).
The property lies within a precinct which has successfully submitted and gained a Master Plan Approval for the Coomera Urban Village Master Plan Unit 3B (page 10). The re-zoning under this approval allows for high density residential and commercial uses superior to those densities permitted throughout the surrounding Coomera/Pimpama area. A copy of this approval is available to approved parties in the due diligence room. This Master Plan Approval largely takes away the risk constraints of gaining a Development Approval.
There is a development permit imminent for this site to reconfigure the lot into two (2) management lots and a park lot which provides scope to stage a development.
There is limited availability of similar englobo parcels in the growth corridor which provides a medium to large scale infill development opportunity.
For Sale by Expressions of Interest closing 4pm Thursday 18th of October
Contact the Exclusive Agents from Avanti Commercial for an Information Memorandum outlining the offering:
Notes: This property is part of a larger portfolio sales campaign of the surrounding development sites. This property is offered for sale individually or together with the other offerings. Contact the exclusive agents for further details.
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7.824 hectares (*approx)
Residential, Greenfield / Land Site, Greenfield / Land Site
Residential Subdivision Development Opportunity