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Tony and Adam Grbcic from Kollosche Commercial, proudly present to the market 'Central on Broadbeach', located at 2709-2723 Gold Coast Highway, Broadbeach. A DA approved, beachside development opportunity in an unrepeatable location.
This iconic development site is positioned in the epicentre of the most desirable residential and short term accommodation location on the Gold Coast, if not South East Queensland.
The property, which currently provides a strong holding income, offers a rare opportunity to purchase an amalgamation of ten freehold allotments including volumetric title.
The location is simply one of a kind making it the ideal location for developers and international hotel operators as it is situated in the heart of the Broadbeach and within a short distance to;
- The Gold Coast Convention Centre (extension and upgrade proposed) (200m*)
- The Gold Coast Light Rail - Broadbeach Station (50m*)
- The Star Casino
- Pacific Fair Shopping Centre & The Oasis Shopping Centre
- Broadbeach's patrolled beaches
The Site Offers;
- A total freehold land area of 3,722sqm
- Volumetric title of 53,260m3 situated beneath the Gold Coast Highway Reserve road (which under the current development approval creates four efficient levels of basement car parking.
- Total Site surface area of 6,438sqm fronting the Gold Coast Highway
- Current improvements providing a gross holding income of approximately $1.5 + Million per annum.
The Development Approval comprises;
- 2 x 68 Level Towers
- 4 Level Basement
- 458 Residential Apartments
- 418 Serviced Apartments
- Total Commercial/Retail Area of 2,096sqm
- 772 Car Parking Spaces
A scheme reconfiguration also been prepared in which offers the purchaser the opportunity to explore a potential Hotel.
It's unlikely a land holding of this magnitude will ever be amalgamated or available in Broadbeach again, coupled with the unique and savvy addition of the Volumetric Title makes it an opportunity not to be missed.
For more information please contact the exclusive marketing agents, Tony or Adam Grbcic.
Whilst every effort has been made to ensure the accuracy of these, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these as representations of fact but must instead satisfy themselves by inspection or otherwise
Remember to mention you found this property on DevelopmentReady.com.au