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Situated on 911m2 with 27 metre frontages to Surfers Paradise Boulevard and Appell Street The site currently consists of a freehold commercial building known as the ‘Trust House’.
A development opportunity to deliver a mixed-use project within the ‘Centre Zoning’ a high-density area offering unlimited building height. The zoning allows for a favourable site coverage and potential scope for podium level car-parking STCA. Offering potential skyline, coatal and ocean view corridors, the site looks directly down Laycock Street to the beach.
The building consists 1,795m2 of nett lettable area spread between 23 tenancies; 9 of which are currently tenanted. Tenancy sizes vary from 24m2 to 282m2. The property benefits from all existing leases having a short or periodic term to allow for quick access to develop or upgrade the site. Improved upon this prime land is a circa 50-year-old, 4 storey, retail/commercial building comprising retail on the ground floor and three levels of office space.
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