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Positioned in a highly sought-after coastal location with established tenants/holding income and scope to create a residential development in one of the Gold Coast most desirable suburbs; Coolangatta.
The 2355m2 site is Centre Zoned, allowing for flexibility when it comes to development potential.
The land benefits from a potential building height of up to 39m with a density zoning of RD7: 1 Bed / 25sqm
Street Frontage of circa 39m.
Gross Income - circa $223,000 per annum
Tenancy Schedule - Each tenant is on a periodic lease
Strategically located on the intersection of the iconic Griffith Street and McLean Street.
The site is positioned 200m from the sand at the renowned surf break Kirra Point, a short walk to; The Strand at Coolangatta, Greenmount Headland, Rainbow Bay and whilst being just 5 minutes drive from the Gold Coast International Airport.
Heritage Appeal - The property is noted as a place of special significance in the Coolangatta Urban Heritage and Character Study Report for the Gold Coast City Council in 2000. The property is not on the State register.
The southern Gold Coast, in particular Coolangatta, is a highly sought-after location for apartments (#2 most searched suburb in Queensland on REA in January 2021)
Contact Antonio Mercuri for further details [email protected], 0434 629 521
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