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Residential
43 Garfield Terrace, Surfers Paradise, QLD, 4217

Property details

  • Property ID:
    15082
  • For Sale:
    Contact Agent
  • Area:
    1619 m2 (*approx)
  • Type:

    Residential: Apartment Sites, Units

  • Development Potential:
    Residential Development Opportunity (STCA)
Agency information
Cheryl Vize

Overview

A RARE BEACHFRONT OPPORTUNITY

Cheryl Vize, the Principal of Cheryl Vize Property and General Manager Link Plus Real Estate and David Kortlang the Principal of Kortlang Property have been engaged by the owners of Garfield to sell this iconic building. Garfield, the first highrise ever to be built along this famous stretch of the golden beaches of the Gold Coast has dominated in this prominent position since 1967 – right next door to the prestigious Northcliffe Surf Life Saving Club. This is simply a fantastic opportunity to put your own stamp on to the next generation project in this esteemed location and it can be yours.

  • The lots will be offered by the individual owners, many of whom own several units in Garfield. The owners know a re-development is the absolute best outcome for a building once known as the most luxurious accommodation available on the Gold Coast – after 50 plus years it is too late for a facelift!  The who’s who of Australian society who have passed through these doors must also agree.

  • There is interest from some of the owners in acquiring one of the new apartments - surely an indication in itself to the commitment of the owners who are encouraging a new life for Garfield.

  • Link Plus Real Estate has been appointed by the committed owners as the Exclusive Agent on the executed Form 6’s

  • The need for a Due Diligence clause and perhaps DA as a condition have been discussed with the owners so they understand there will be certain requirements in any sale to a legitimate Developer.

  • Discussions have been held around using the Body Corporate Manager’s Solicitor to act on behalf of all the sellers.

  • The units in Garfield are being offered for sale for the purpose of redeveloping the site for prestige absolute beachfront apartments. STCA

 

The suggested proposed mix would be:

  • Two x 350m2 approx prestige apartments per floor for 66% of the available floors then transitioning into one per floor prestige apartments in the order of 500m2.
    A two level penthouse with 1000m2 of living and balcony space would crown this extraordinary project.

We are of the opinion that the market for premium apartments in the 2020 version of Garfield is here now and always will be.

This style of project will never be over-supplied and you will not be relying on ‘channels’. The on-site managers have been there from the absolute beginning and have a personal knowledge of the high profile “guests” who have frequented Garfield - to be fair not of recent times but most certainly in Garfield’s heyday.

The unlimited potential of this site will allow for indoor swimming pool and other guest and owner amenities. There is a huge worldwide market for luxury products and here is the opportunity for your group to capture it.

Make a statement.


We welcome your interest and will be happy to discuss any aspect of this unique opportunity..

Remember to mention you found this property on DevelopmentReady.com.au

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